Information on the current losses of the Russian Federation due to sanctions as of 07.07.2026.
1. The Defense Forces of Ukraine struck Russian defense industry enterprises, an oil depot, and military logistics.
– According to the General Staff of the Armed Forces of Ukraine, on the night of July 7, the Defense Forces of Ukraine launched a series of strikes on Russian military-industrial complex facilities and military logistics, continuing a campaign to reduce its military-economic potential.
– One of the targets was PJSC “Group Silicium EL” in Bryansk, one of the key producers of Russian microelectronics. The enterprise produces microchips, power semiconductors, and other electronic components used in control systems, communications, electronic warfare, and modern weapons samples.
– The Bryansk Chemical Plant in the city of Selts was also hit. At least four explosions were recorded in the vicinity of the enterprise. The plant produces gunpowder, explosives, and rocket fuel components necessary for the manufacture of ammunition and missiles used by the Russian army in the war against Ukraine.
– Additionally, an oil depot at the Belgorod airfield that supplies fuel for military aviation was hit. The extent of the damage is currently being assessed.
– Separate strikes were made on two railway bridges in the areas of the settlements of Rozdolne and Ichki in temporarily occupied Crimea. These objects were used for transferring personnel, weapons, ammunition, and military equipment.
– Also, logistics supply depots of Russian troops in the areas of Volnovakha and Yasynuvata were targeted.
2. Drone systems forces claimed to have hit eight tankers of the Russian Federation’s shadow fleet in the Sea of Azov.
– The “Hungarian Birds” unit of the 414th separate brigade of drone systems forces claimed a large-scale night operation in the Sea of Azov, during which eight tankers of the Russian Federation’s shadow fleet used to supply fuel to temporarily occupied Crimea were hit.
– According to the unit commander Robert Brovdi (“Hungarian”), a dry cargo ship and a ferry were also hit. The SBS claims that the tankers were damaged and caught fire. Among the affected vessels were named “Venera-3,” “Sanar-1,” “Sanar-17,” “Klymena,” “Teti,” “Aleksey Savrasov,” and “Penelope,” with another vessel being identified.
– According to Ukrainian military data, all of them are under international sanctions, have a deadweight of about 7,000 tons, and were used for fuel transportation.
– The SBS noted that during the night of July 7, a total of 58 legitimate military targets were hit deep in the occupied territories. Strikes on energy and logistics infrastructure in occupied Crimea are also reported.
3. After a successful attack on the Omsk Oil Refinery, the reach of Ukrainian long-range drones now covers about 85% of all oil refining capacities in Russia.
– In the potential strike zone are 33 out of 45 of Russia’s largest oil refineries, including 9 of the top 10 by processing volume. The total capacity of these enterprises is 257.2 million tons of oil per year out of a total of 297.05 million tons.
– Among the largest refineries already within the reach of Ukrainian drones: Russia’s largest refineries (capacity, million tons/year): Omsk — 21; Kirishi — 20.1; Ryazan — 17.1; “Lukoil-Nizhegorodnefteorgsintez” — 17; Yaroslavl — 15.7; Volgograd — 14.5; Perm — 13.1; Moscow — 10.5; “Gazprom Neftekhim Salavat” — 10.
– Only 12 refineries with a total capacity of 39.85 million tons per year remain out of reach, mainly in Siberia and the Far East.
– A series of strikes on refineries has led to the lowest oil refining volumes in over 20 years, a fuel shortage, and the necessity of importing it.
4. The Russian stock market fell to its lowest level since 2023: investors are selling shares amid cheap oil and a fuel crisis.
– The MOEX index fell below 2200 points for the first time since February 2023, reaching 2164.8 points during trading — the lowest level in over three years. Since the beginning of the summer, the index has lost 14%, and since the beginning of 2023 — 22%.
– The fall is due to the simultaneous impact of several negative factors: a sharp drop in oil prices, worsening budget situation, fuel crisis, Ukrainian drone attacks on Russian refineries, and rising inflation risks.
– Investor sentiment is approaching panic levels. The market no longer reacts even to individual positive news as expectations of a quick improvement in the economic situation have not materialized.
– Simultaneously, Russian government bonds are also becoming cheaper: the RGBI index hit an annual low, and the yield on long-term OFZ exceeded 16% per annum, indicating rising borrowing costs for the state.
– Among the biggest losses: “Gazprom” fell by 1.6%, hitting a low since 2008; VTB plummeted by 9% to a historic low; “Sber” lost about 1%; “Novatek” and “Aeroflot” — about 2%; “Severstal” — 3.5%.
5. Russia faces a banking crisis due to war financing.
– European intelligence warns that the Russian banking system is nearing the risk of a major crisis due to increasing strain related to financing the war economy.
– Banks are forced to lend to defense enterprises, state projects, and preferential mortgage programs, accumulating an increasingly large volume of loans that may not be repaid.
– State support, debt restructuring, and subsidized lending only mask the real scale of problems. About 10% of corporate loans are problematic, and in some large banks, the share of problematic retail loans reaches 15%.
– At the same time, over 500,000 Russians declared bankruptcy in 2025 — almost a third more than the previous year, and over 13 million citizens have three or more loans simultaneously.
– An additional risk factor could be the 21st EU sanctions package, which, according to the agency, is planned to be adopted in July. It may cover almost 90 Russian banks, resulting in more than half of Russia’s credit institutions with international connections being under restrictions.
– This could trigger a significant deterioration in the country’s financial stability.
6. Overdue debts of Russian companies reached a record 7 trillion rubles, increasing the risk of a wave of bankruptcies.
– Russian businesses are sinking deeper into a debt crisis. As of the end of April, companies’ overdue debt grew by almost 20% year-over-year, reaching a record 7 trillion rubles, according to Rosstat data. This includes not only bank loans but also debts to suppliers, employees, and tax authorities.
– Enterprises in the manufacturing sector have accumulated the largest volumes of overdue debt — nearly 2.5 trillion rubles. Next are trade (950 billion rubles), the mining sector (nearly 800 billion rubles), and construction (321 billion rubles).
– The financial state of businesses is increasingly pressured by falling consumer demand, increased tax burdens, and expensive loans. From 2026, authorities raised the VAT rate from 20% to 22% and tripled the income threshold for applying the simplified taxation system — from 60 million to 20 million rubles.
– At the same time, the key rate, despite a slight reduction to 14.25%, remains too high for affordable lending. Due to the high cost of loans, companies find it increasingly difficult to refinance old debts, forcing many to take new loans just to pay off previous obligations.
– This accelerates the accumulation of debt burden. The situation is worsened by the overall economic cooling. In the first quarter of 2026, Russia’s GDP decreased by 0.2%, and company profits fell by more than a quarter — to 5.2 trillion rubles.
– Under such conditions, servicing record debts becomes increasingly difficult, and losing control of the debt burden could trigger a massive wave of bankruptcies, putting additional pressure on the economy and Russia’s banking system.
7. Saudi Arabia cut oil prices to a 26-year low.
– The state company Saudi Aramco announced the largest reduction in 26 years of the official price for its main export oil, Arab Light, for Asian buyers.
– In August, the price will be reduced by $11 per barrel, and Saudi oil will be sold at a discount of $1.5 for the first time since 2020 compared to regional benchmark grades.
– Riyadh’s decision was made following the resumption of shipping through the Strait of Hormuz and the return of large volumes of Middle Eastern oil to the market.
– This directly intensifies competition for buyers in Asia — primarily China and India, which purchase about 90% of Russia’s maritime oil exports.
– At the same time, OPEC+ countries are increasing production, and exports through the Strait of Hormuz have resumed to about 12 million barrels per day. Additional pressure is also created by the return of Iranian oil to the global market.
– The increase in supply is already leading to a drop in global prices. The cost of Brent has decreased to about $72 per barrel, while Russian Urals fell to about $40 per barrel at the beginning of July — almost $19 below the price set in Russia’s budget.
8. Greek shipping companies have earned nearly $4 billion from transporting Russian oil over the past three years.
– The highest income was earned by Dynacom Tankers, which since July 2023 has made at least $915 million from transporting Russian oil. Olympic Shipping and Management earned over $404 million, while Stealth Maritime and Polembros Shipping each earned more than $200 million.
– Of the 20 shipping companies that earned the most from transporting Russian oil after the imposition of sanctions, eight are Greek. The rest are mainly Russian state companies associated with “Sovcomflot” and “Rosneftegaz,” or affiliated structures. In May 2026, Greek shipowners accounted for about 15% of Russian oil exports, according to data from analytical companies Windward and Vortexa.
– This confirms that despite sanctions, Russia still relies on foreign carriers for its oil exports, and revenues from energy sales are largely supported by such logistics services.
– Meanwhile, this cooperation could be at risk. The US and EU are increasing pressure to limit the Kremlin’s oil revenues, and new sanctions may complicate or economically disadvantage the participation of European shipping companies in transporting Russian oil.
9. Japan has blocked the supply of aviation fuel to Russia, including through third countries.
– Russia’s attempts to find new sources of fuel supply amidst an increasingly acute fuel shortage have suffered another setback. Japan has officially confirmed that the ban on exporting aviation fuel to Russia applies not only to direct deliveries but also to schemes involving third countries and ship-to-ship transfers. This was stated by Japan’s Minister of Economy, Trade and Industry Ryosei Akazawa.
– Last week, Reuters reported that Russia was preparing to import at least 200,000 barrels of aviation kerosene from the Japanese port of Chiba. The fuel was initially supposed to go to South Korea and then, through a chain of intermediaries, to Russia.
– However, the Japanese authorities have clearly stated that the sanctions restrictions cover such indirect routes as well, effectively blocking the possibility of circumventing the export ban. This is another indication that it is becoming increasingly difficult for Russia to compensate for the fuel deficit through imports.
– After a series of strikes on its oil refining infrastructure, the country has already been forced to seek gasoline and aviation fuel abroad. Japan’s refusal closes off one of the potential supply channels and further complicates the provision of fuel for Russia’s aviation sector.
Photo: Occupant media
