Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show - Reuters

Reuters
March 25, 2026
3 min read

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The Bottom Line

Russia has lost at least 40% of its oil export capacity, according to Reuters calculations.

How This Affects You

U.S. gas prices could be affected by reduced Russian oil supply disruptions, though impact depends on global market dynamics.

AI Summary

Reuters calculations show that at least 40% of Russia's oil export capacity has been halted, according to an exclusive analysis. The disruption reflects the cumulative impact of Western sanctions, Ukrainian attacks on Russian energy infrastructure, and damage to tanker fleets used to circumvent embargo restrictions. Russia's oil sector is central to its federal budget and foreign currency earnings, making sustained export losses a significant economic constraint on Moscow's war effort and broader economy. The halt underscores how Western sanctions targeting Russian energy—combined with Ukraine's long-range strikes on refineries and export terminals—have degraded Putin's ability to monetize the country's most valuable commodity. The extent of this capacity loss could reshape global energy markets and Russia's financial capacity to sustain military operations.

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