Information on current losses of Russia due to sanctions as of 11.02.2026.
1. Ukrainian drones attacked the largest refinery in the Volgograd region.
– On the night of February 11, Ukrainian drones struck the oil refining infrastructure of the Volgograd region of Russia. After the attack, a fire broke out at the industrial site in southern Volgograd.
– The attack targeted the Lukoil-Volgograd refinery, the largest in the region and one of the key assets of Lukoil. The enterprise processes over 15 million tons of oil per year and produces gasoline, diesel, and aviation fuels. This is at least the ninth attack on the plant since the beginning of 2024.
– Regular strikes on Russia’s refining infrastructure increase the risks of fuel production disruptions and create additional pressure on the Russian energy sector.
– Russian authorities report no casualties, but the extent of the damage to the enterprise is not officially disclosed.
2. Industrial recession in Russia: 21 out of 28 industries ended the year in the red.
– After two years of growth driven by military spending, Russian industry has massively declined. According to Rosstat, in 2025, 21 out of 28 main industries ended the year with a downturn.
– Mineral extraction decreased by 1.6%, gas by 3%, and oil extraction dropped to a 16-year low. In the non-raw material sector, metallurgy reduced production by 2.1%, light industry by 3.5%, and food production fell for the first time in 15 years by 0.5%. Refinery output decreased by the same amount.
– Formally, industry grew by 1.3%, but only 7 sectors showed positive dynamics, three of which are directly related to the defense sector – finished metal products; computers, electronics, and optics; other transport equipment.
– This growth structure indicates a tilt towards military production amid weak domestic demand and high rates.
– Russia’s GDP growth rate for the year slowed more than fourfold to 1%. Meanwhile, due to the decline in oil and gas revenues, the federal budget deficit has already reached 5.7 trillion rubles, and this year it could rise to 8–10 trillion rubles.
3. Russia plans to extend the service life of river and sea vessels from 40 to 50 years.
– The Ministry of Transport has already amended the bill that provided for the ban on the use of ships older than 40 years from 2030.
– The reason is the almost twofold reduction in funding for the preferential leasing program of civilian ships for 2026–2028 to 134.85 billion rubles. Because of this, the construction plan was reduced from 260 to 219 ships. According to the Ministry of Transport of the Russian Federation, 1714 ships need to be replaced in the next four years, but construction rates remain limited: in 2025, shipyards delivered 129 civilian ships compared to 131 the previous year.
– Instead of large-scale modernization of the industry, the Russian authorities are effectively choosing to extend the resource of old ships, indicating financial constraints and problems with implementing ambitious fleet renewal plans.
4. The EU is preparing a full ban on crypto operations related to Russia.
– The European Union has proposed completely banning any operations with cryptocurrencies related to Russia to prevent Moscow from bypassing sanctions through digital assets.
– Brussels acknowledged that targeted sanctions against individual crypto platforms are not effective, as new services quickly emerge to replace blocked ones.
– Therefore, the EU plans to move to a stricter approach — a total ban on interactions with crypto services registered in Russia, as well as platforms that allow the transfer or exchange of crypto assets if they are linked to the Russian Federation.
– The infrastructure around the Russian exchange Garantex, which has been under US sanctions since 2022, is under threat. The payment platform A7 and the ruble stablecoin A7A5, associated with sanctioned entities, are specifically mentioned.
– The initiative could become the first case where the EU considers the possibility of sanction pressure on a third country for facilitating the circumvention of restrictions if foreign jurisdictions are proven to be involved in such schemes.
– The new measures indicate Brussels’ desire to block Russia’s last financial maneuvering channels outside the traditional banking system.
5. The EU is preparing new sanctions against drone manufacturers for Russia and Russian banks.
– The European Union proposes additional sanctions against Russian companies manufacturing drones for the war against Ukraine. The sanctions list is expected to include 11 Russian entities and two businessmen associated with the production of FPV drones, as well as heavy long-range models.
– Additionally, the chief of the Russian Federation’s radiation, chemical, and biological protection troops and his deputy may come under restrictions. The new measures also envisage expanding sanctions against a number of Russian companies and banks.
6. The share of G7 countries’ tankers in transporting Russian oil has fallen to a four-month low.
– The share of tankers under the flags of G7 countries in the transportation of Russian oil has decreased to the lowest level in the last four months. This occurs amid the EU’s preparation of new strict restrictions on the maritime export of Russian raw materials.
– According to S&P Global Commodities at Sea and Maritime Intelligence Risk Suite, there are discussions in Brussels about canceling the current price cap model and moving to a full package of maritime restrictions on Russian oil. If such a decision is made, European companies might be banned from participating in transportation and associated services related to Russian supplies.
– Against this backdrop, the presence of G7 vessels in the logistics of Russian oil continues to decrease, complicating export and forcing Moscow to increasingly rely on the so-called “shadow fleet” and opaque transfer routes.
– Meanwhile, major international carriers are reorienting to other directions, benefiting from rising freight rates outside the Russian market segment. For Russia, this means further logistics cost increases and shrinking sales opportunities.
7. Britain is preparing to close service for carriers of Russian LNG.
– The United Kingdom has officially confirmed the introduction of a full ban on providing services to carriers of Russian liquefied natural gas. The restrictions will begin to be implemented this year and will be fully operational by the end of 2026. This was reported by the Deputy Foreign Minister of the Kingdom, Stephen Doughty, in response to a request from MP Chris Law, published on the parliament’s website.
– This is not about the gas itself, but about the infrastructure for its transportation — insurance, shipping, and other related services. Essentially, London is closing off British maritime service access to Russian LNG, without which international transportation becomes significantly more complicated.
– Earlier, Foreign Secretary Yvette Cooper announced such steps back in November 2025, but now specific implementation timelines have been set. It should be noted that the UK completely ceased importing Russian LNG as of 2023.
– Additionally, London has already imposed sanctions on 16 vessels involved in its transportation, as well as on the “Arctic LNG-2” project. The current decision effectively completes the formation of a full package of restrictions in this segment.
– London’s steps are synchronized with EU decisions. The EU will implement a full ban on the import of Russian LNG from the beginning of 2027, and from the following November, also on pipeline gas. Until this time, a transition period for existing contracts will continue.
– Member states will also be required to verify the origin of gas before allowing it onto the market, with fines envisioned for violations. In case of an emergency and a serious threat to energy security, the European Commission will be able to temporarily — for up to four weeks — suspend the ban.
8. French TotalEnergies has bought out Russian “Lukoil’s” 45% stake in the Zeeland refinery in the Netherlands and has become the sole owner of the enterprise.
– The transaction amount is not disclosed. It is possible that the parties might have exchanged assets instead of a direct cash payment.
– In 2009, Lukoil acquired 45% of Zeeland, paying almost $725 million. At that time, the deal was seen as an expansion of Moscow’s influence in northwestern Europe. Now, this influence has effectively been curtailed.
– Although the refinery, with a capacity of 180,000 barrels per day, was not formally subject to U.S. sanctions due to the minority stake of the Russian company, risks for suppliers and the overall toxicity of cooperation with Russian business forced TotalEnergies to consolidate the asset.
– Thus, another European energy asset has come out from under Russian participation amid sanctions pressure and the reduction of Russia’s presence in Western markets.
