Putin Acknowledges Fuel Deficit As Ukraine Targets Oil Refineries

Russian President Vladimir Putin has acknowledged that Ukraine's long-range drone strikes have disrupted Russia's fuel production, marking his clearest admission yet of the campaign's impact, according to The Associated Press.

CNBC reported that Ukraine has intensified attacks on Russian oil refineries and energy infrastructure to weaken Moscow's war funding. Ukrainian President Volodymyr Zelenskyy said his forces recently struck two additional refineries as part of a broader campaign targeting Russia's energy sector.

The Institute for the Study of War said Putin appeared to acknowledge the economic strain while attempting to project stability. Meanwhile, Reuters reported that Russia's central bank warned prolonged disruptions to fuel production could weigh on the country's economic growth in 2026.

Related Tweet:

#WorldBusinessWatch | Russia is grappling with fuel shortages at home.

President Vladimir Putin has acknowledged supply disruptions in several regions and directed officials to stabilise fuel distribution, particularly for the farming sector@AadhyaJunejaa has more pic.twitter.com/FftEIqqHFH

— WION (@WIONews) June 29, 2026

Also Read:

Power Outages Hit Russian-Controlled Kherson Region

Vladimir Saldo, the Moscow-appointed governor of the occupied region, said electricity was fully or partially cut across the territory but did not provide details on the cause or the extent of the damage.

tippinsightsTIPP Staff