Ukraine Strikes Cripple Russia's Oil Exports, 40% Capacity Lost Amid Global Price Surge

• Russia loses 40% of its oil export capacity (2 million bpd) due to Ukrainian attacks on ports, pipelines, and tankers.
• Attacks target key western export hubs: Novorossiysk, Primorsk, Ust-Luga, and the Druzhba pipeline.
• Global crude prices surge past $100 per barrel, exacerbating pressure on energy markets.
• Ukraine aims to weaken Russia's war financing by targeting its crucial oil and gas revenues.
• Russia's pivot to Asian markets is insufficient to offset the massive disruptions in western export routes.