11 December 2025

International sanctions and strikes by the Armed Forces of Ukraine hit Russian oil exports, as a result of which the Kremlin’s revenues from the sale of oil and petroleum products amounted to $10.97 billion. This was the minimum amount during the entire period of full-scale Russian aggression.

This is stated in the monthly report of the International Energy Agency (IEA). Analysts estimated that Russia’s revenues from the sale of energy resources abroad in November decreased by $3.59 billion , compared to last year.

The document states that since October, Russia’s cumulative average daily exports of oil and fuel have decreased by 420,000 barrels to 6.86 million barrels. This was a direct result of the sanctions and the risks associated with them.

In such conditions, buyers demanded additional discounts, which caused the price of Russian Urals to fall to $43.52 per barrel (-8.2 $/barrel by October). Ukrainian attacks on oil and export infrastructure also had an impact.

“Collective seaborne exports through the Black Sea have fallen by 42% to 910,000 barrels per day due to recent attacks by Ukraine on “shadow” fleet vessels and (energy. – Ed.) facilities,” the report says.

According to the IEA, Russia’s average daily oil production fell to 9.03 million barrels in November from 9.24 million a month earlier. This is about 500,000 barrels below the OPEC+ November quota.

OBOZ.UA also reported that due to Ukrainian attacks, Russian companies are having to pay more for both tankers and insurance. This is happening against the backdrop of an already tense situation in the tanker market, where “an unprecedented amount of oil is at sea.”

https://www.obozrevatel.com/ukr/ekonomika-glavnaya/analytics-and-forecasts/tak-malo-kreml-ne-zaroblyav-na-nafti-z-2022-roku-sanktsii-ta-ukraina-vibili-rf-iz-rinkiv.htm