Refinery shutdowns and capacity losses
The Ryazan refinery, which supplies fuel to Moscow and its surrounding region, was forced to suspend operations at a main crude distillation unit following a Ukrainian drone attack last week. This facility has been shut down for more than half the time since a Ukrainian drone blitz in May 2026. In September 2026, five of 15 confirmed Ukrainian strikes on Russian refineries targeted Rosneft facilities that supply western Russia. The Syzran refinery in Samara Oblast has operated at below a third of its capacity or remained completely offline for most of the past six months, impacting fuel supplies for the Russian Air Force and other military units. This facility has a processing capacity of approximately 9 million tons of crude oil per year and exports petroleum products via the Volga River and the Caspian Sea. Ukraine’s sustained series of attacks against the Black Sea export hub have kept the Tuapse refinery shut down since April.
| Facility | Status / Impact |
|---|---|
| Ryazan | Limited capacity; recent unit suspension |
| Syzran | Below 33% capacity or offline |
| Tuapse | Shut down since April |
Financial strain from strikes
Rosneft faces unsustainable losses as Ukraine expands its strike campaign against Russian oil refineries, Bloomberg reports. Rosneft first-half net income in 2026 fell by almost 20% to 200 billion rubles, which equals $2.4 billion. Its ratio of net debt to earnings also rose by 1.8 times in the first half of the year, reaching its highest level in over five years. Ukraine carried out at least 114 attacks on Russian refineries, an estimate Bloomberg based on public statements from both countries, and the number of confirmed hits from January to October 2026 more than doubled compared to 2025. Rosneft officials say the constant pace of repairs leads to escalating costs, and some refineries deliberately stretch out repair work over several weeks to cut costs. International sanctions complicate these repairs because they limit access to certain critical parts from Western countries. Russia faced severe fuel shortages in 2026, which prompted sales restrictions and export bans. While Ukraine briefly halted strikes in October to honor a proposed energy ceasefire from Donald Trump, Kyiv resumed attacks when Moscow did not observe the truce. Rosneft stated it is "taking appropriate measures to ensure the security and operation of our plants" and that "Not a single company petrol station has been closed, and consumers receive fuel in full at stable prices."
