Recent Ukrainian drone attacks targeting major Russian oil terminals in the Baltic Sea (Ust-Luga and Primorsk) cost Russian energy exporters approximately $970 million (€842 million) in lost revenue during the week of March 23-29, the British newspaper The Financial Times reported, citing expert estimates.
Primorsk and Ust-Luga account for more than 40 percent of Russia's seaborne crude oil export capacity, according to the British newspaper.
"In Primorsko alone, the attacks destroyed $200 million worth of oil," the Financial Times added, citing an unnamed Western security official.
The attacks "impede Russia's ability to take advantage of rising crude oil prices, fueled by war in the Middle East," the Financial Times said, adding that the Ukrainian attacks "highlight weaknesses in Russia's drone defenses."
According to Vladimir Nikitin, a crude oil analyst at Seal AI, quoted by the Financial Times, loading could resume within days, but not fully, as the burned tanks could require several months of reconstruction without affecting exports.
Nikitin added that repairs to processing lines at Novatek's Ust-Luga terminal could take more than a month.
Sweden sends Tridon Mk2 air defense systems to Ukraine
Ukraine will receive modern Tridon Mk2 air defense systems from Sweden to assist the defense forces in combating Shahed drones, the Ukrainian Defense Ministry announced today.
Stockholm will allocate 400 million euros for the procurement, which represents about a third of the new 1,2 billion euro military aid package announced in February, according to a statement from the Ukrainian ministry broadcast on social media.
First introduced in 2024, the Tridon Mk2 is a mobile medium-range air defense system.
According to the Ukrainian Ministry of Defense, the Tridon Mk2 is a system equipped with a 40 mm Bofors 40 Mk4 automatic cannon, capable of hitting targets at a distance of up to 12 kilometers, with a rate of fire of up to 300 rounds per minute.
See more:
Download the app and follow the news
FOLLOW US ON
