Information on current losses of the RF due to sanctions as of 31.10.2026.
1. Ukrainian drones attacked the industrial zone of Ufa, reports of a fire near the oil refinery.
– In Russian Ufa (Republic of Bashkortostan), a fire broke out in the city’s industrial zone after an attack by Ukrainian drones. Local residents reported explosions and columns of smoke. According to preliminary information, oil refining enterprises might have been hit.
– In the northern industrial zone of Ufa, there is a large oil refining complex of the company “Bashneft,” part of “Rosneft.” It comprises three refineries: “Bashneft-UNPZ,” “Bashneft-Ufaneftekhim,” and “Bashneft-Novoil.” Their total processing capacity is about 23.5 million tons of oil per year.
– The enterprises produce gasoline, diesel and aviation fuel, lubricants, and petrochemicals. Their products are used, among other things, to meet the needs of the Russian army.
2. Ukrainian Defense Forces struck a rocket fuel plant in the Rostov region of Russia.
– On October 31, the Ukrainian Defense Forces launched a missile-drone strike on the federal state enterprise “Kombinat Kamensky” in Kamensk-Shakhtinsky, Rostov region.
– According to preliminary data, at least four production workshops were damaged in the attack, and a fire broke out in the finished goods warehouse. “Kombinat Kamensky” is one of the key enterprises of the Russian military-industrial complex, specializing in the production of solid rocket fuel and explosives.
– In particular, the plant manufactures components for the ammunition of multiple launch rocket systems “Uragan,” “Smerch,” and “Tornado-S,” as well as other missile and aviation systems. The enterprise has repeatedly been targeted by Ukrainian strikes.
– In August 2026, the Defense Forces attacked the plant twice. After the strike on August 16, it was reported that four production workshops were damaged and two were destroyed.
3. Almost a third of Russian companies are operating at a loss: the worst situation is in the coal industry and metallurgy.
– According to Rosstat, the cumulative financial result of Russian organizations (the difference between profits and losses) decreased by 11% from January to August 2026 compared to the same period last year — to 15.7 trillion rubles.
– The share of loss-making enterprises increased by 2.9 percentage points, to 32.9%. This means almost every third company in Russia ended this period with losses.
– The most challenging situation occurred in the coal industry: the total loss of enterprises reached 178.6 billion rubles, with 63% of companies being loss-making. The metallurgy sector recorded an even larger negative financial result — 305.6 billion rubles. In this industry, 39% of enterprises are operating at a loss, with individual companies experiencing losses of up to 737 billion rubles.
– In the chemical industry, the cumulative profit of enterprises is almost half of last year — 639 billion rubles. Passenger transportation incurred a cumulative loss of 56.7 billion rubles over eight months, with 57.3% of carriers being unprofitable. In the heating supply sector, the share of such companies approaches 70%.
– At the same time, profits from Russian oil refining increased by 89% — to 1.77 trillion rubles, and oil and gas extraction enterprises — by 74%, to 3.1 trillion rubles. These sectors account for almost one-third of the total profit of Russian organizations.
– The financial condition of enterprises is further worsened by the high key rate of the Central Bank and growing debts. By the end of August, overdue debts of companies on bank loans increased by 45% year-on-year. Overdue payments to budgets rose from 83 billion to 126 billion rubles.
4. Freight of Russian oil to India has risen to record levels: transportation costs up to $30 million per voyage.
– The cost of transporting Russian oil from western Russian ports to India at the end of October remains at record highs due to risks in the Black Sea and a shortage of tankers.
– This increases the costs of Russian exporters, whom Western sanctions force to transport oil to Asian buyers via longer routes. The cost of delivering Russian Urals oil to India is currently about $30 per barrel or more depending on the vessel and destination. In September, this figure was estimated at approximately $20 per barrel.
– The freight of an Aframax-class tanker from Russia’s Baltic ports to India’s west coast costs about $23 million one way compared to $13–16 million a month earlier. Transportation on a Suezmax tanker on the same route costs approximately $27 million. Even more expensive is transportation from the Black Sea: the freight of a Suezmax tanker with a capacity of about 140 thousand tons to India reached a record $30 million per voyage compared to approximately $19 million in September.
– Disruptions in shipments, military risks, and drone attacks in the Black Sea region influence shipping costs.
– Increasing transportation costs are increasingly cutting into the profits of Russian oil sellers. They are trying to achieve lower rates, but shipowners are unwilling to make concessions due to high demand for tankers and limited supply. Market participants estimate that winter weather may further complicate navigation and raise transportation costs.
5. The USA has approved the sale of 500 Patriot interceptor missiles to Ukraine for $2.1 billion.
– The U.S. Department of State has approved the sale to Ukraine of 500 PAC-3 interceptor missiles for the Patriot air defense systems, along with related equipment, totaling $2.1 billion.
– The purchase will be financed by Ukraine’s international partners — Canada, Germany, and Norway through the American JUMPSTART program, as well as funds from the European credit support for Ukraine. In addition to the missiles, the package will include spare parts, logistics, and software support.
– The supplier will be the American company Lockheed Martin. The State Department stated that the deal will enhance Ukraine’s capability to counter current and future threats and strengthen its air defense system.
6. The Court of Arbitration for Sport has ordered the International Ice Hockey Federation to allow Russian teams to participate in international tournaments for the 2026/27 season.
– The Court of Arbitration for Sport (CAS) in Lausanne upheld the appeal of the Russian Ice Hockey Federation and annulled the decision to suspend Russian teams from international competitions, effective since 2022 following the full-scale invasion of Ukraine. The decision pertains to five tournaments in the 2026/27 season.
– CAS concluded that the International Ice Hockey Federation (IIHF) did not provide sufficient evidence of the security risks cited to justify the suspension. The court also noted that these concerns cannot outweigh the athletes’ right to participate in competitions. The issue of a possible neutral status for Russian teams and the use of national symbols was not separately resolved.
– The IIHF expressed disappointment with the decision but stated that they would comply with it. The Federation had previously emphasized that it still considers the participation of Russian teams a risk to the safety and proper conduct of the tournaments.
– The first event where Russian hockey players might compete is the World Junior Championship in Canada, starting December 26. The Men’s World Championship in Germany is planned for May 2027, where the Ukrainian team has already qualified. Their participation, alongside the return of the Russian team, may create organizational and security challenges for the organizers.
– The decision also pertains to the Women’s World Championship in Canada and junior tournaments.
