Fuel shortages are spreading across Russia after a wave of Ukrainian drone strikes knocked key refineries offline, forcing authorities to ration gasoline from Crimea to the Far East. Local officials in the Kuril Islands said supplies of AI-92 gasoline have been exhausted, while long queues and purchase limits have appeared in Primorye, Siberia and annexed Crimea. Moscow has extended a temporary ban on gasoline exports through September in an effort to stabilise domestic supply as wholesale prices have climbed 45 % since the start of the year. The attacks have disabled roughly 17 % of Russia’s oil-refining capacity this month—about 1.1 million barrels a day—according to industry estimates cited by Reuters and The Wall Street Journal. More than a dozen refineries, including major Rosneft and Lukoil plants, have been hit since early August. Analysts warn that prolonged outages could raise inflation and undercut the Kremlin’s wartime revenue at a time when peak summer demand and harvest-season fuel use are already straining stocks. Against this backdrop, the European Union is drafting a 19th sanctions package that, for the first time, could impose secondary sanctions on companies and countries that help Moscow evade existing restrictions. Diplomats say the measures under discussion would tighten curbs on Russia’s energy and financial sectors and mirror U.S. enforcement tactics aimed at the so-called shadow fleet of oil tankers. EU governments are expected to debate the proposals in the coming weeks.
I like it, such “sanctions” really work. WSJ: Ukrainian drones have knocked out 13% of Russia’s fuel output. With sanctions blocking repairs, regions from Crimea to Siberia now ration fuel. Wholesale gasoline prices jumped 45% this year despite falling global oil. 1/ https://t.co/E8eGqjv2yh
Embattled Ukraine focuses strikes on Russian economy’s ‘Achilles heel’ https://t.co/NEYSXue4LO https://t.co/KxdjorV5WF
US sanctions on Russian oil tankers are so much more effective than EU ones because the threat of secondary sanctions scares people away from accepting delivery by sanctioned ships. The fact that the EU is now considering this is another important step in the right direction... https://t.co/WhBTSWf9YM