Commodities March 26, 2026

Zelenskiy Says Ukraine Is Striking Russian Oil Facilities to Offset Easing International Pressure

Kyiv cites long-range drone strikes on Baltic export hubs after temporary U.S. waiver on sanctioned Russian oil

By Maya Rios
Zelenskiy Says Ukraine Is Striking Russian Oil Facilities to Offset Easing International Pressure

President Volodymyr Zelenskiy says Ukraine has increased long-range strikes on Russian energy infrastructure to sustain pressure after international restraints on Moscow eased. Washington recently issued a 30-day waiver allowing countries to buy sanctioned Russian crude and products stranded at sea, a move criticised by some European partners. Ukrainian attacks have disrupted exports from key Baltic ports and have resulted in the suspension of a substantial share of Russia's oil export capacity.

Key Points

  • Ukraine says it is using long-range strikes on Russian energy infrastructure after international oil sanctions on Moscow were eased - sectors impacted: oil, shipping, and government revenues.
  • U.S. issued a 30-day waiver this month allowing countries to buy sanctioned Russian oil and petroleum products stranded at sea, a move criticised by some European allies - sectors impacted: geopolitics and energy markets.
  • Attacks forced suspension or reduced loadings at Baltic ports Ust-Luga and Primorsk, contributing to an estimated halt of at least 40% of Russia's oil export capacity - sectors impacted: export logistics, refining, and commodity markets.

Ukraine is employing long-range attacks against Russian energy infrastructure to keep pressure on Moscow following a recent easing of international restrictions on Russian oil, President Volodymyr Zelenskiy said in an interview.

This month Washington granted a 30-day waiver permitting countries to take on sanctioned Russian oil and petroleum products that were stranded at sea. The waiver was described as an attempt to stabilise global energy markets unsettled by the conflict in the Middle East. Some European allies of Ukraine, who want to maintain tight pressure on Russia over its war, voiced criticism of the U.S. decision.

Asked about what Kyiv calls an intensification of strikes on Russian energy targets in recent days, Zelenskiy linked the operations to the shift in international sanctions policy. "The pressure on Russia in the world is decreasing," he said. "Therefore, unlike most countries in the world, Ukraine has its own sanctions: its long-range capabilities."

He emphasised the need for Kyiv to respond to Russian attacks on Ukrainian cities. Following a recent series of heavy drone and missile attacks by Russia, Zelenskiy said that failing to answer those strikes would lead Moscow to "simply continue the war and not even think about pauses."


Disruption to Russian exports

Ukraine's campaign has affected operations at key Baltic terminals. Sources reported that Russia's Ust-Luga and Primorsk ports suspended crude oil and oil product loadings after drone attacks set fires that produced smoke visible as far away as Finland. Primorsk resumed loadings on Thursday, but three sources said it operated at lower than normal capacity because its infrastructure had been damaged.

Ukraine's SBU security service issued a statement saying its long-range drones had flown over 900 km (560 miles) from its Alpha special operations centre to strike the Ust-Luga terminal.

Based on market data, calculations indicated that at least 40% of Russia's oil export capacity had been halted as a result of Ukrainian drone attacks, a disputed attack on a major pipeline, and the seizure of tankers. That shutdown was described as the most severe oil supply disruption in modern Russian history, occurring at a time when oil prices had moved above $100 a barrel amid the Iran war.

Russia's pipeline operator Transneft said it would attempt to redirect oil exports from Baltic Sea ports damaged by the drone strikes, according to an Interfax report.


Uncertainty over duration and impact

Adi Imsirovic, an energy lecturer at Oxford University, cautioned that it was too early to judge how permanent the damage to Russia's export infrastructure would be. He noted that if storage facilities at the ports had been seriously damaged, that could suspend flows through pipelines for an extended period.

Imsirovic also distinguished between the effects of previous Ukrainian strikes on Russian refineries and the more recent attacks on export facilities. He said the refinery campaign, which began in mid-last year, had affected Russia's domestic fuel market, while the latest wave targeting export infrastructure would more directly affect government revenues.

Officials in Kyiv framed the strikes as a calibrated response intended to maintain pressure on Russia after a perceived decline in the international measures applied to Moscow. The situation remains fluid, with damage assessments and export rerouting efforts underway.

Risks

  • Uncertainty over the duration of damage to port storage and pipeline flows could keep Russian export capacity constrained - risk to oil supply and shipping sectors.
  • Reduced export volumes may further pressure Russian government revenues if export facilities remain disrupted - risk to fiscal and energy sectors.
  • Escalation cycle: Kyiv has framed strikes as a response to Russian attacks on Ukrainian cities; continued reciprocal strikes could prolong market disruptions - risk to regional security and global energy prices.

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