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South Korea exports eased Russia fuel crisis caused by drone strikes, Ukraine says - Finance news and analysis from Global Banking & Finance Review
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South Korea exports eased Russia fuel crisis caused by drone strikes, Ukraine says

Published by Global Banking & Finance Review

Posted on October 6, 2026

3 min read

· Last updated: October 6, 2026

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South Korean Fuel Exports Helped Russia Amid Fuel Crisis from Drone Strikes

Impact of South Korean Fuel Exports on Russia During the Fuel Crisis

Background: Ukrainian Drone Strikes and Russian Fuel Shortage

LONDON/SEOUL, Oct 6 (Reuters) - Russia imported more than 176,000 tons of petroleum products from South Korean ports in July and August, easing the impact of a fuel crisis caused by Ukrainian drone strikes on Russian oil refineries, Ukraine's top sanctions official said on Tuesday.

The supplies from South Korea made up 31% of Russian fuel imports in August, according to the official, Vladyslav Vlasiuk, citing what he said were reports that tankers, including ones under Western sanctions, were used for the deliveries.

"These shipments began precisely when Ukrainian strikes on Russian oil refineries were reducing processing volumes and creating a fuel shortage within Russia," Vlasiuk, presidential commissioner for Ukrainian sanctions policy, wrote on Facebook.

Diplomatic Tensions Between South Korea and Ukraine

His comments come amid a diplomatic row between Seoul and Kyiv that erupted last month when President Volodymyr Zelenskiy announced the transfer of two North Korean prisoners of war to South Korea, a step that Seoul says was meant to stay secret.

Ukraine’s Use of Drones and Russian Response

Ukraine has used long-range drones to attack Russian oil refineries and depots this year in what Kyiv has described as an effort to impose greater costs on its enemy, with no end in sight more than four years since Russia's full-scale invasion.

The strikes prompted Russia to impose a ban on diesel and gasoline exports, while restricting fuel purchases in some regions hit hard by the fuel crunch.

Role of South Korean Fuel Imports

"In effect, imports from South Korea helped Russia offset the impact of losing its own refining capacity," Vlasiuk said, citing "available data" and "reports" as sources in his post.

Earlier on Tuesday, the Guardian reported that it had analysed port records and ship-tracking data, determining that the volumes were loaded at South Korean ports onto seven tankers, some of which are under UK and EU sanctions.

Vlasiuk provided the same figures as those in the Guardian.

"This stands in stark contrast to the sanctions policy South Korea adopted following the start of the full-scale invasion," Vlasiuk said.

South Korea’s Official Response and Export Controls

In response to the Guardian article, South Korea's Foreign Ministry said "the Korean government supports and actively participates in global efforts to end the war in Ukraine and achieve peaceful recovery".

It said that its government was strictly enforcing export controls against Russia by expanding the scope beyond strategic items to include "non-strategic items ... that carry a high risk of diversion for military use."

Ongoing Strain in South Korea–Ukraine Relations

Dispute Over North Korean Prisoners of War

Relations between South Korea and Ukraine have been under strain for weeks.

South Korean President Lee Jae Myung threatened unspecified measures against Ukraine on Friday unless Kyiv acknowledged a confidentiality agreement that Seoul says covered the transfer of two captured North Korean soldiers.

Calls for Apology and Diplomatic Resolution

Seoul has said it wants an apology. Ukraine denies there was a confidentiality agreement, but its foreign minister has said that Kyiv wants to mend ties with South Korea.

(Reporting by Tom Balmforth in London and Joyce Lee in Seoul; Editing by Tomasz Janowski)

Key Takeaways

  • More than 176,000 tonnes of fuel, mostly diesel, were shipped from South Korean ports to Russia in July and August, aboard seven tankers—including three under UK/EU sanctions—via 14 voyages. (theguardian.com)
  • In August, South Korea accounted for approximately 31% (112,000 tonnes) of Russia’s seaborne petroleum-product imports, second only to India, as refinery output plummeted due to Ukrainian drone strikes. (en.h.ua)
  • While the shipments underscored gaps in sanctions enforcement and strained Seoul’s alignment with Kyiv, South Korea maintains that its actions comply with domestic law and continues to enforce export controls. (theguardian.com)

References

Frequently Asked Questions

How did South Korean fuel exports impact Russia's fuel crisis?
South Korean exports made up 31% of Russia's fuel imports in August, easing shortages caused by Ukrainian drone strikes on oil refineries.
What triggered Russia's fuel crisis?
A series of Ukrainian drone strikes on Russian oil refineries reduced processing volumes, creating fuel shortages.
Did South Korean tankers under sanctions transport fuel to Russia?
Reports indicate that some tankers under Western sanctions were used to deliver South Korean fuel to Russia.
How has South Korea responded to reports of fuel exports to Russia?
South Korea's government stated it is strictly enforcing export controls against Russia and supports global efforts for peace in Ukraine.
What role did Ukraine's official sources play in disclosing the export data?
Ukraine's presidential commissioner for sanctions policy provided the export figures and emphasized the timing of the shipments relative to the fuel crisis.

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