Attacks on Russian refineries disrupt fuel production, prompting government acknowledgment of supply complications amid rising shortages.
Russia’s gasoline crisis has intensified following a surge in Ukrainian air strikes targeting refineries, disrupting oil production and supply chains. Deputy Prime Minister Aleksandr Novak initially attributed output declines to unscheduled maintenance but avoided linking them to attacks. Days later, the Energy Ministry confirmed disruptions, citing increased enemy air activity as the cause of temporary fuel shortages.
Prior to the strikes, Russia’s refining capacity had remained stable, with no major supply constraints reported in early 2024. The attacks mark a shift in Ukraine’s strategy, directly impacting Russia’s energy infrastructure. Analysts note the strikes could further strain domestic fuel availability, particularly during peak demand periods.
Markets have yet to react significantly, but prolonged disruptions may tighten global oil product supplies, potentially lifting refined fuel prices.