Ukraine's Strikes on Russian Oil Facilities Lead to Revenue Decline
Ukraine has intensified its military operations against Russian oil infrastructure, significantly impacting Russia's oil export revenues. According to the International Energy Agency (IEA), Russia's oil export revenues fell to their lowest monthly level since the onset of its full-scale invasion of Ukraine. In November, Russia's total oil revenue was reported at $11 billion, marking a $3.6 billion decrease compared to the previous year. This decline is attributed to Ukrainian attacks on Russian oil refineries and international sanctions. Ukrainian forces have targeted Russia's 'shadow fleet' and offshore oil facilities, resulting in a nearly 50% reduction in Russian oil exports through the Black Sea. Additionally, Ukrainian naval drones have posed a threat to Russia's oil export routes, forcing Moscow to reconsider its defensive strategies. 
