Kyivindependent Rosneft Faces Unsustainable Losses from Ukraine's Drone Strikes
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- •Rosneft's net income dropped by nearly 20% in H1 2026 due to drone strikes.
- •Ukraine has conducted at least 114 strikes on Russian refineries in 2026, significantly increasing from 2025.
- •Repair costs for damaged facilities are reported as unsustainable by Rosneft officials.
Rosneft, Russia's state-run oil company, reported significant financial losses due to Ukraine's ongoing drone strikes targeting its refineries. According to Bloomberg, the Ryazan Oil Refinery, a major facility, has been offline for extended periods following a drone attack in May 2026. The company's net income fell by nearly 20% in the first half of 2026, with escalating repair costs deemed unsustainable. Ukraine has conducted at least 114 attacks on Russian refineries in 2026, more than doubling the strikes from the previous year. The Syzran refinery has operated below capacity for six months, while the Tuapse refinery has been shut down since April 2026. Rosneft's financial struggles are compounded by Western sanctions and the inability to develop new reserves without foreign technology and investment.
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