Russians have cut oil refining by at least 10% in a few months, and companies are forced to shut down wells

Author:
Veronika Dovhaniuk
Date:

Oil refining in Russia has fallen by at least 10% in a few months, and oil companies are being forced to shut down wells.

This was reported by President Volodymyr Zelensky, citing an internal Russian assessment.

Documents obtained by Ukrainian intelligence indicate that just one oil company has been forced to shut down 400 wells, restarting which is a complex process.

In addition, 11 Russian financial institutions are preparing for closure, and another eight have critical problems that cannot be solved without attracting external resources.

Also, as of May, the Russian budget deficit is almost $80 billion.

Zelensky instructed the head of the Foreign Intelligence Service Oleh Luhovsky to publish information about Russian attempts to involve global companies in schemes to circumvent sanctions and solve problems in the financial sector.

In particular, according to Zelensky, Ukraine has recorded Russian attempts to establish schemes to export grain from Crimea and other frauds to exploit the peninsula with the participation of entities from the United States.

  • From January to April alone, 25 ships of the Russian shadow grain fleet illegally sailed from ports in the occupied territories of Ukraine to other countries almost 50 times. Most of the voyages were related to the illegal export of grain — the Russians exported more than 850 000 tons of products.

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