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  3. Russian maritime oil and gas exports drop 6% amid ongoing sanctions

Russian maritime oil and gas exports drop 6% amid ongoing sanctions

22/06/2026 | 23:11:41

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Russian maritime oil and gas exports drop 6% amid ongoing sanctions

Moscow, June 22 (Petra) -- Russia's seaborne exports of oil and gas have declined by approximately 6% since the beginning of the current year, the Russian Ministry of Energy announced on Monday, attributing the downturn directly to ongoing international trade restrictions.

The ministry stated in an official report that maritime energy exports saw a sharp month-on-month contraction in May, falling by roughly 36% to 3.2 million tons. This slide was driven by tightening regulatory compliance and sanctions targeting the country's broader energy sector.

In response to the shifting trade landscape, Moscow is actively looking for alternative markets, focusing its energy export redirection strategy toward East Asian regions to offset Western supply curbs.

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