Strikes on Russian terminals in the Baltic Sea have caused massive damage: the figure has been revealed

Dmitro Shevchuk
Dmitro Shevchuk Executive Editor
Strikes on Russian terminals in the Baltic Sea have caused massive damage: the figure has been revealed
Ukrainian attacks on Primorsk and Ust-Luga
A series of strikes on key Russian oil terminals in the Baltic region has cost the aggressor nation nearly a billion dollars – and that is just in lost export revenue.

This information was released by the Kyiv School of Economics, citing the FT.

Attacks on Primorsk and Ust-Luga: what is known

Five strikes on the ports of Primorsk and Ust-Luga damaged terminals through which over 40% of Russia’s seaborne oil exports pass.

In Primorsk alone, approximately $200 million worth of oil was destroyed.

The attacks also affected:

  1. Lukoil’s oil refinery in the Nizhny Novgorod region
  2. chemical and fertiliser plants, whose products can be used for military purposes.

When operations will resume

Partial oil shipments via the terminals could resume within a few days. But a full recovery will take longer:

  • damaged tanks will take months to repair
  • restoring production lines in Ust-Luga could take over a month.

Kremlin spokesman Dmitry Peskov stated that Russia cannot guarantee “100% protection” of energy facilities.

The state is passing on part of the costs of countering drones to businesses: companies are purchasing electronic warfare systems and organising physical security themselves. One entrepreneur told the FT that he had spent at least 1.5 billion roubles – around $19.1 million – on this.

But even these costs may prove fruitless: new Ukrainian drones fly to pre-programmed coordinates without radio communication, so some of Russia’s electronic warfare systems simply do not work against them.

Why Ukraine continues attacks on Russian oil infrastructure

Ukraine was already prepared to suspend attacks on Russian oil infrastructure – provided Russia ceased its massive strikes on the Ukrainian power grid.

But in early February, Russia violated this agreement: powerful missile and drone strikes on Ukrainian thermal power stations, thermal power plants and substations in the midst of freezing temperatures. In response, Ukraine sharply intensified its campaign of strikes against Russia’s oil and export infrastructure.

President Zelenskyy stated: Ukraine will cease its attacks only if Russia takes reciprocal action.

Share tittle
War
Russian troops have attacked nine regions of Ukraine; there have been fatalities and dozens of people have been injured
War

Russian troops have attacked nine regions of Ukraine; there have been fatalities and dozens of people have been injured

Over the past 24 hours, Russian troops have continued to shell Ukrainian regions. The attacks have resulted in deaths and injuries, and damage to residential buildings, infrastructure, civilian businesses and transport.

22.07.2026
US allies in the Middle East are calling on Trump to launch a ground invasion of Iran
War

US allies in the Middle East are calling on Trump to launch a ground invasion of Iran

The war between the US and Iran is heightening concerns amongst Washington’s allies in the Persian Gulf over threats to security and the economy. According to Bloomberg, countries in the region no longer share a unified position on the United States’ next steps.

22.07.2026
In Russia, less than half of the oil refineries damaged in the drone attacks have resumed operations
War

In Russia, less than half of the oil refineries damaged in the drone attacks have resumed operations

Russian oil companies have managed to bring back into operation less than half of the capacity of the oil refineries that were damaged as a result of drone attacks. Some of the larger facilities remain shut down.

22.07.2026
The US Senate has questioned the Trump administration’s strategy regarding the war with Iran
War

The US Senate has questioned the Trump administration’s strategy regarding the war with Iran

During hearings in the US Senate, Defence Minister Pete Hagseth failed to provide clear answers regarding the duration of the war with Iran, its ultimate objective and its cost. At the same time, Donald Trump’s administration is asking Congress to approve tens of billions of dollars in additional funding.

22.07.2026
The Bank of Russia sold a record amount of gold from its reserves over the past six months
War

The Bank of Russia sold a record amount of gold from its reserves over the past six months

The Central Bank of Russia has been reducing its gold reserves for the sixth month running. In the first half of 2026, the reserves fell by 43.5 tonnes, marking the largest decline in at least the last 25 years.

22.07.2026