Zelenskyy: intel shows Russian exports declining

Nation

27 April, 07:57 PM

Ukrainian intelligence concluded that Russian economic indicators continue to decline, with a notable drop in export volumes, President Volodymyr Zelenskyy said on April 27.

Zelenskyy made the statement after briefings by Ukraine’s Defense Intelligence (HUR) and Foreign Intelligence Service.

“Intelligence agencies gave detailed reports on the state of the economy and social processes in Russia after the first quarter of this year: we are seeing a significant worsening of key indicators and noticeable losses in Russian exports,” the president said in a Telegram post.

He added that Moscow’s attempts to capitalize on surging global oil prices are derailed by repeated Ukrainian drones strikes targeting Russian oil export infrastructure.

On April 21, Reuters, citing sources, reported that Russia was forced to cut oil production in April because of Ukrainian drone attacks on ports and refineries. Sources told Reuters Russia likely cut production by about 300,000 to 400,000 barrels per day in April compared with the average early-year level, the steepest monthly drop in output in about six years.

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