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Zelenskyy: Russia Faces $37B Oil Revenue Losses

11/12/2025

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Summary

Story summary

Ukrainian President Volodymyr Zelenskyy said Russia's oil production and processing fell for the first time since the invasion, predicting at least $37 billion in budget oil and gas revenue losses by year-end.
The claim relies on a report by Oleh Ivashchenko, Chief of Ukraine's Foreign Intelligence Service.
He said conventional and Ukrainian long-range sanctions help constrain Russia's war capabilities and noted ongoing efforts to address the abduction of Ukrainian children.

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Story summary

Ukrainian President Volodymyr Zelenskyy said Russia's oil production and processing fell for the first time since the invasion, predicting at least $37 billion in budget oil and gas revenue losses by year-end.
The claim relies on a report by Oleh Ivashchenko, Chief of Ukraine's Foreign Intelligence Service.
He said conventional and Ukrainian long-range sanctions help constrain Russia's war capabilities and noted ongoing efforts to address the abduction of Ukrainian children.