Sanctions are timely. 30.05.2026

Sanctions are timely. 30.05.2026
Volodymyr Omelyan

Information on the current losses of the Russian Federation due to sanctions as of 30.05.2026.

1. On the night of May 30, Ukrainian drones carried out a series of strikes on Russian oil depots in Kuban and occupied Crimea.

– One of the targets was the oil transshipment depot LLC “Southern Oil Company” in the industrial zone of Armavir, Krasnodar Krai. After the attack, a fire broke out at the facility, which Russian services extinguished for about five hours. Another oil depot in Feodosia, occupied Crimea, was also hit.
– According to local sources and satellite data, at least two fires broke out at the facility. The smoke from the fire extended nearly ten kilometers towards the Black Sea, indicating the severity of the damage.
– Additionally, drones attacked the seaport of Taganrog in the Rostov region. According to local authorities, the strike set a tanker, a fuel tank, and an administrative building on fire. Explosions were also reported near a local aviation enterprise, which has repeatedly been targeted.
– Oil depots, ports, fuel storage tanks, and logistical hubs are increasingly under the fire control of Ukrainian drones.

2. The Russian oil refining industry has reached its lowest level in 16 years.

– From May 14 to 20, average oil refining in Russia fell to 4.34 million barrels per day, which is 60,000 less than the previous week. The Ryazan refinery of “Rosneft” suffered the most: after the May 15 attack, it reduced processing almost sixfold — to over 40,000 barrels per day.
– “Slavneft-YANOS,” after attacks on May 8 and 13, reduced processing by more than a third — to ~95,000 barrels per day. The Astrakhan gas processing plant of “Gazprom” ceased operations after the May 13 strike.
– Other refineries also faced issues: Lukoil’s NORSI reduced processing by ~5%, Gazpromneft’s Moscow refinery by 14%. The Tuapse and Kirishi plants have not yet resumed operations.
– Regular attacks on refineries not only reduce fuel production but also force companies to spend more resources on repair, restoration, and protection of facilities.

3. The Russian coal industry continues to lose ground.

– According to Rosstat, in January–April 2026, Russia extracted 140 million tons of coal, which is 5% less than in the same period last year. The biggest decline was recorded in segments most dependent on external demand and transportation logistics. In particular, anthracite production fell by 15% — to 6.5 million tons.
– The production of other grades of hard coal fell by 8% to 64.7 million tons. Overall, hard coal production decreased by 5.4% — to 107 million tons. Lignite production also decreased — by 3.5%, to 33.7 million tons.
– The decline in production indicates a worsening crisis in one of Russia’s traditionally important export industries. Despite attempts to redirect supplies to Asian markets, Russian companies face stiff competition, logistical constraints, and decreasing profitability, gradually undermining the sector’s economic sustainability.

4. Gazprom’s financial results for the first quarter of 2026 showed a sharp decline in profitability.

– The company’s net profit under IFRS almost halved — to 345.2 billion rubles compared to the same period last year. The decline in gas export revenue is particularly indicative. According to reports, export revenue fell by 22% due to the strengthening of the ruble and the continued low volume of supplies to external markets.
– The European sector, which for decades was Gazprom’s main source of profit, has failed to recover after losing a significant market share due to the war against Ukraine and sanction pressure.

5. Poland has expanded the national sanctions list, including a number of companies from Russia and European countries.

– According to Polish authorities, these companies may be involved in cross-border cryptocurrency transfer schemes between the EU and Russia. Russian LLC “Koshelek.ru” from St. Petersburg has been sanctioned. The Polish decision notes serious suspicions about the platform being used for transferring funds between EU countries and Russia through cryptocurrency wallet services.
– Polish authorities noted the connection between the Russian-language version of Quicko Wallet and the Polish company Quicko. Russian LLC “Kvik” from Moscow was also included in the sanctions list. Polish authorities believe the company provided access to payment services to entities in high-risk sectors, including the cryptocurrency industry, as well as structures associated with Russia or mentioned in investigations into possible involvement in organized crime.
– In addition to Russian companies, the Polish Quicko sp. z o.o., identified as the beneficial owner of Russian LLC “Kvik,” Estonian MoneySwap OU, Lithuanian UAB Trustee Global and MoneyAmber UAB, and Croatian Moneysail d.o.o. were sanctioned.

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