The International Energy Agency said that sanctions have made it difficult for the Russian refining industry to recover from Ukrainian drone attacks, and its crude oil processing capacity continues to be damaged. The International Energy Agency lowered the Russian crude oil processing benchmark forecast for the next 18 months to about 4 million b/d, down 30% from the level before the Russian-Ukrainian conflict broke out. International sanctions against the Russian energy industry limit its acquisition of replacement equipment, making it more difficult to repair damaged refineries.

The International Energy Agency said that sanctions have made it difficult for the Russian refining industry to recover from Ukrainian drone attacks, and its crude oil processing capacity continues to be damaged. The International Energy Agency lowered the Russian crude oil processing benchmark forecast for the next 18 months to about 4 million b/d, down 30% from the level before the Russian-Ukrainian conflict broke out. International sanctions against the Russian energy industry limit its acquisition of replacement equipment, making it more difficult to repair damaged refineries.