The Sheskharis terminal on Russia's Black Sea coast has stopped accepting tankers since July 21, according to Bloomberg. The facility, which exports about 650,000 barrels per day—roughly one-fifth of Russia's total oil exports—suspended operations after Russia's defense ministry declared the area unsafe for navigation due to ongoing Ukrainian air strikes.
The suspension of the Sheskharis terminal, which handles roughly one-fifth of Russia's seaborne oil exports, marks a significant disruption to Moscow's energy revenues. The Russian defense ministry's declaration that the Black Sea exclusive economic zone is unsafe for navigation due to ongoing Ukrainian air strikes preceded the halt. This development is part of a broader Ukrainian campaign targeting Russian energy infrastructure, which The Zioneer has covered in previous reports on strikes on refineries and the Novorossiysk terminal. No details on the duration of the suspension or alternative export routes are yet available.
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