A view taken on Dec. 13, 2023, shows pumping units at the grounds of a fuel tank farm of Russia's oil pipeline giant Transneft.
(NATALIA KOLESNIKOVA/AFP via Getty Images)
Assessments

Assessing the Impact of Ukrainian Strikes on Russia's Oil Sector

May 19, 2026 | 19:06 GMT

The intensifying drone strikes are unlikely to trigger an oil sector crisis or alter Moscow's war calculus, but they will financially drain Russian oil companies, even as high prices buoy the Kremlin's revenues.

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SITUATION REPORTS

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