Ukraine Disables 40% of Russian Crude Capacity; EU Cuts LNG Imports
Ukrainian strikes in late March temporarily disabled 40% of crude export capacity at Ust-Luga and Primorsk, costing Russia 1 million barrels daily in losses through July. The EU ends short-term Russian LNG imports April 25, eliminating a revenue source valued at €932 million in February. France, UK, and Belgium have seized at least three shadow fleet vessels since January, while an 11.4 million barrel-per-day supply shortfall constrains Russia's ability to capitalize on elevated oil prices.