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Ukrainian Drones Strike Russian Refinery, Oil Exports Halted

4/1/2026

50 9 Full Breakdown

Summary

Story summary

The Slavneft-YANOS oil refinery in Russia was reportedly hit by Ukrainian drones on March 28.
This attack raises expectations that Russia may declare force majeure, with 40% of its oil export capacity reportedly halted.
In response, Russia banned gasoline exports indefinitely.
Asian nations use US sanction waivers to buy Russian oil amid a crisis as the Philippines and South Korea import crude.

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Story summary

The Slavneft-YANOS oil refinery in Russia was reportedly hit by Ukrainian drones on March 28.
This attack raises expectations that Russia may declare force majeure, with 40% of its oil export capacity reportedly halted.
In response, Russia banned gasoline exports indefinitely.
Asian nations use US sanction waivers to buy Russian oil amid a crisis as the Philippines and South Korea import crude.