Ukraine's drone assaults severely impact Russian oil output — economic downturn intensifies

Published on: Wednesday 24 June 2026

According to evaluations from The New York Times, Reuters, and Bloomberg, Ukraine's ongoing drone offensive targeting Russian oil facilities has compromised about 20 percent of the nation's refining capabilities since the start of 2024. As a result, Russia was compelled to cut oil production by 300,000 to 400,000 barrels per day in April 2026, marking the most significant monthly decline in six years. This reduction was primarily due to Ukrainian drone attacks on refineries and ports, along with the halting of the Druzhba pipeline. April saw Russia's refinery operations plummet to their lowest point in over 16 years. These attacks are critically undermining Russia's capacity to finance its military endeavors, given that oil and gas revenues constitute roughly one-third of the federal budget. In 2025, Russia's economy recorded a mere 0.6 percent growth amidst escalating sanctions and the financial burdens of warfare.

News source: https://www.msn.com/en-us/money/markets/ukraines-drone-assaults-severely-impact-russian-oil-output-economic-downturn-intensifies/vi-AA26sdpN

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Ukraine's drone assaults severely impact Russian oil output — economic downturn intensifies