Russian oil exports slump as Ukraine hammers ports and refineries

What Happened

Ukraine intensified long-range strikes against Russian ports and energy infrastructure in March and April, significantly reducing Russia's oil exports and revenues. Ukraine's President Zelenskyy reported $2.3 billion in March oil revenue losses alone. Russia's oil transhipments fell by 300,000 barrels daily, while refined products declined by 200,000 barrels daily, according to Ukrainian intelligence citing market data.

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