Ukrainian strikes on the energy infrastructure of the Russian Federation have led to significant changes in the structure of oil and oil products exports from this country. This was reported by Max Pizur, director of the American direction at the Energy Policy Research Fund.
This is reported by Finway
Changes in Export Balance and Budget Losses
According to the expert, as a result of the attacks by Ukrainian forces, the Russian Federation has suffered serious losses in the processing and sale of oil products abroad. The main strikes were directed at both oil refineries and export terminals, which significantly affected the country’s ability to process hydrocarbons for further export.
“There has been a shift in the balance: a decrease in oil products exports from Russia is observed, while we see an increase in available oil exports,” the expert noted.
Until recently, Russia was exporting an average of about 3.5 million barrels of crude oil and approximately 2.5 million barrels of oil products per day. However, according to Pizur’s estimates, oil exports have risen to about 4 million barrels per day, while oil products exports have decreased to 2 million barrels. In total, this amounts to approximately 6 million barrels per day shipped abroad.
Impact of Sanctions and Changes in Market Situation
Despite the reduction in oil products exports, oil production in Russia remains stable at 9–10 million barrels per day. Analysts obtain this data based on comparisons of export volumes and domestic consumption.
Max Pizur emphasized that the greatest impact of sanctions has been felt by the Russian budget. In particular, after the introduction of stricter restrictions in August 2025, Russia was forced to sell oil at lower prices, leading to a decrease in revenues from export duties and an overall decline in budget revenues.
However, the situation changed after March 1 — due to the blockade of the Strait of Hormuz, global oil prices sharply increased, allowing Russia to boost its export profits despite previous losses.
“Now Russia is maximizing the amount of money it can bring into the state treasury,” Pizur said.