Ukrainian attacks on Russian oil refineries cost Russia’s oil and gas sector as much as $12.9 billion (1 trillion Russian rubles) last year, according to a local insurance broker.
Direct losses for the sector topped $1.3 billion (100 billion rubles) in 2025. If these are added to the indirect losses and missed sales and profits, the total losses for Russia’s oil and gas industry amounted to $13 billion, Yevgeny Borovikov, deputy CEO at insurance broker Mains, told Russian daily Kommersant.
Last year, Russian insurers booked losses as insurance claims for sabotage and terrorism skyrocketed amid intensified Ukrainian attacks on key infrastructure, including energy infrastructure and refineries, market participants told Kommersant.
Crude oil deliveries to Russia’s refineries slumped in 2025 to the lowest level in at least 15 years, mostly due to unplanned outages in the second half of the year following intensified Ukrainian drone strikes on key Russian energy infrastructure.
Last year, crude supply to Russian refineries slumped to 228.34 million tons. The decline in deliveries also led to lower crude processing rates, which dropped by 1.7% in 2025 from a year earlier, according to data cited Kommersant last month.
Analysts attributed the drop in supplies to unscheduled maintenance at refineries following “a series of external factors” in the second half of 2025, while the Russian Energy Ministry has not commented on the matter.
Russia has not publicly commented on or shared details of any refinery shutdowns or unplanned outages.
In the second half of 2025, Ukraine intensified attacks on Russia’s oil refineries, depots, and export terminals in an escalation of the war on energy infrastructure, which has also seen Russia targeting Ukraine’s gas producing facilities and gas and power distribution networks as temperatures dropped.
At one point in September, nearly 15% of Russia’s crude processing capacity was offline and in need of repairs following drone hits.
By Charles Kennedy for Oilprice.com
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