Expert Analysis | From Sanctions to Drone Warfare: The Slow Erosion of Russia’s Oil Sector
Russia’s oil sector remains resilient, but its strategic foundations are weakening, HCSS energy specialists Jilles van den Beukel and Lucia van Geuns write in a new Expert Analysis. Sanctions have not stopped exports, yet they have increased costs, reduced efficiency and constrained access to technology and investment. Ukraine’s sustained strikes on refineries add direct pressure on the infrastructure converting crude into higher-value products. Maintaining effective sanctions enforcement, limiting access to critical technologies and sustaining pressure on Russia’s energy infrastructure can gradually reduce the profitability and fiscal capacity underpinning the war effort, the authors conclude.
