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The article concerns Russia's downgraded oil production expectations for the period from 2026 to 2029, as Moscow cut its forecasts by between 16 and 20 million tons annually due to repeated Ukrainian attacks on energy and oil infrastructure. Damage to 10% of Russian oil refineries from these attacks has led to reduced refining operations and increased crude exports, particularly to China and India, while oil product exports have decreased by approximately 27 million tons in 2026 alone. Additionally, the decline in production—expected to reach its lowest level since 2009—is reflected in continued export restrictions and a reduction in Russia’s output, resulting in a shortage of fuel domestically amid European restrictions on its oil imports.
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