Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Russian fuel crisis widens after Ukrainian attacks, sources say
    Headlines

    Russian Fuel Crisis Widens After Ukrainian Attacks, Sources Say

    Published by Global Banking & Finance Review®

    Posted on September 23, 2025

    3 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Russian fuel crisis widens after Ukrainian attacks, sources say - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasfinancial crisiseconomic growthInvestment opportunities

    Quick Summary

    Fuel shortages in Russia worsen due to Ukrainian drone attacks on refineries, leading to gasoline scarcity and economic challenges.

    Fuel Shortages in Russia Escalate Amid Increased Ukrainian Attacks

    MOSCOW (Reuters) -Russia is seeing shortages of certain fuel grades as Ukrainian drone attacks reduce refinery runs and high borrowing costs mean private filling stations can't afford to stockpile fuel, according to traders and retailers.

    Ukraine has stepped up drone attacks on Russian energy infrastructure in recent weeks targeting refineries and export terminals to reduce Moscow's export revenues, stir domestic discontent and push the Kremlin to peace talks.

    The attacks have reduced Russian oil refining by almost a fifth on certain days and cut exports from key ports, pushing Moscow close to reducing its oil production. 

    Russia has a big surplus of diesel but its gasoline production matches domestic demand, meaning the drop in refining runs could lead to shortages.

    There are no large queues at the pumping stations, but certain grades of gasoline, such as popular Ai 92 and Ai 95, are frequently absent.

    Russia's Far East and Crimea were the first territories to experience a shortage of gasoline in August.

    Similar problems have emerged in the Volga river region as well as in southern and central Russia, according to the sources. Reuters spoke to five traders and retailers in the Russian fuel market, who asked not to be named due to the sensitivity of the issue.

    Gleb Nikitin, the governor of Volga's Nizhni Novgorod region, said on the Telegram channel on Monday that "temporary" disruptions at the pumping stations are linked to chains of supplies in the wider region.

    "Everything should return to normal in the coming days," he said.

    The sources said the problems were particularly acute for privately-owned fuel stations which are not part of vertically integrated oil firms, and which are not getting enough fuel due to refining cuts and struggling to stockpile gasoline due to high interest rates of 17%.

    Filling stations owned by oil majors are still broadly operating as normal, the sources said.

    The share of independent filling stations in Russia is around 40% by volume.

    "The manager decided to temporarily close the gasoline station because there was no gasoline," said an employee at a filling station in the western Belgorod region. 

    "The station in the neighbouring village also closed, and others simply ran out of gasoline," she said.

    The Russian economy has so far withstood a barrage of Western sanctions but is currently slowing down.

    Bankruptcies and closures are on the rise in industries, such as the coal sector, and exports are dropping.

    (Reporting by ReutersEditing by Alexandra Hudson)

    Key Takeaways

    • •Ukrainian drone attacks are impacting Russian refineries.
    • •Certain gasoline grades are frequently unavailable in Russia.
    • •Privately-owned fuel stations face severe shortages.
    • •High interest rates hinder fuel stockpiling.
    • •Russia's economy is slowing amid Western sanctions.

    Frequently Asked Questions about Russian fuel crisis widens after Ukrainian attacks, sources say

    1What has caused the fuel shortages in Russia?

    The fuel shortages in Russia are primarily due to increased Ukrainian drone attacks on energy infrastructure, which have reduced refinery runs and led to high borrowing costs for private filling stations.

    2
    Which regions in Russia are experiencing fuel shortages?

    The Far East and Crimea were the first to experience gasoline shortages, followed by the Volga river region and other southern and central parts of Russia.

    3How have independent filling stations been affected?

    Independent filling stations, which account for about 40% of the market, are facing acute problems due to insufficient fuel supplies resulting from the reduced refining output.

    4What is the current state of gasoline availability in Russia?

    While there are no large queues at filling stations, certain gasoline grades like Ai 92 and Ai 95 are frequently unavailable, indicating a mismatch between production and demand.

    5What is the outlook for the fuel supply situation in Russia?

    Authorities, including the governor of Nizhni Novgorod, have stated that the disruptions are temporary and expect the situation to normalize in the coming days.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Italy tourism minister resigns, obeying PM Meloni
    Italy Tourism Minister Resigns, Obeying PM Meloni
    Image for Swiss prosecutors not involved with Paris probe at bank Edmond de Rothschild
    Swiss Prosecutors Not Involved With Paris Probe at Bank Edmond De Rothschild
    Image for Lost remains of French musketeer d'Artagnan may have been found in Dutch church
    Lost Remains of French Musketeer d'Artagnan May Have Been Found in Dutch Church
    Image for Doctors in England plan six-day strike after government pay offer rejected
    Doctors in England Plan Six-Day Strike After Government Pay Offer Rejected
    Image for Soccer-Man sentenced for racist abuse of England defender Carter
    Soccer-Man Sentenced for Racist Abuse of England Defender Carter
    Image for Netanyahu seeks to avoid snap vote as Iran war gives no boost in polls
    Netanyahu Seeks to Avoid Snap Vote as Iran War Gives No Boost in Polls
    Image for Cyprus has opened discussion with UK over its bases, president says
    Cyprus Has Opened Discussion With UK Over Its Bases, President Says
    Image for Once inspired by Orban, Hungary's Peter Magyar now leads the charge to unseat him
    Once Inspired by Orban, Hungary's Peter Magyar Now Leads the Charge to Unseat Him
    Image for German foreign minister hopes Iran peace talks given chance to work
    German Foreign Minister Hopes Iran Peace Talks Given Chance to Work
    Image for Factbox-What's at stake in Hungary's parliamentary election?
    Factbox-What's at Stake in Hungary's Parliamentary Election?
    Image for Hezbollah chief rejects talks with Israel under fire, vows fighters will continue 'without limits'
    Hezbollah Chief Rejects Talks With Israel Under Fire, Vows Fighters Will Continue 'without Limits'
    Image for Hundreds evacuated after fire hits luxury Paris hotel
    Hundreds Evacuated After Fire Hits Luxury Paris Hotel
    View All Headlines Posts
    Previous Headlines PostAt the Un, Trump Condemns Moves to Recognise Palestinian State
    Next Headlines PostNicaragua's Ortega Extends Transnational Persecution of Critics, UN Rights Experts Say