Russia’s Fuel Exports Plunge in Fresh Sign of Pressure on Moscow
Fuel and oil rail wagons at the Zeletsyno train station near Nizhny Novgorod, Russia.
Photographer: BloombergRussian fuel shipments in the first half of November fell to the lowest since the invasion of Ukraine began, a further indication that sanctions and attacks on the country’s refineries are hitting Moscow’s exports.
Overall seaborne oil product shipments dropped to a new war-time low of 1.7 million barrels a day in the first 15 days of November, according to Vortexa Ltd. data compiled by Bloomberg. Those figures are almost half the volume that was being shipped in February 2022, the month Russia launched its invasion.