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Ukrainian Drone Strikes Cut Russian Oil Exports by 40%

3/25/2026

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Story summary
  • Ukrainian drone attacks have halted operations at Russia's Ust-Luga and Primorsk oil ports, reducing export capacity by about 40% to roughly 2 million barrels per day.
  • Smoke from the fires at Ust-Luga was visible from Finland.
  • Ongoing conflicts in the Middle East have pushed oil prices above $100 per barrel.
  • Russia's oil exports are crucial for its economy, contributing significantly to the national budget.