Russia’s quarterly fossil gasoline revenues have fallen to their lowest ranges since Moscow invaded Ukraine in 2022.

Supply: Centre for Analysis on Vitality and Clear Air in its month-to-month report

Quote from CREA: "Russian fossil gasoline revenues within the second quarter of 2025 dropped by 18% year-on-year – the bottom in 1 / 4 for the reason that invasion of Ukraine. This occurred regardless of an 8% improve in volumes exported in Q2 in comparison with Q1 of 2025."

Particulars: Within the second quarter of 2025, Russian fossil gasoline exports to Europe continued to say no, deepening the downturn that started within the first quarter after the tip of gasoline transit by means of Ukraine. Complete month-to-month exports fell from 3.32 billion cubic metres in April to three.01 billion in June, a 9.4% drop quarter-on-quarter.

In June, Belgium’s purchases of Russian liquefied pure gasoline (LNG) elevated by 12% in quantity phrases in comparison with the earlier month, totalling €300 million.

Over half of Russia’s seaborne oil exports in June had been transported by G7+ tankers, a 6-percentage-point improve from Could. Since January, the G7+ share in Russian oil transport has risen from 36% to 56%.

In June 2025, 435 vessels exported Russian oil and petroleum merchandise. Of those, 153 had been shadow fleet tankers, a 3rd of them at the least 20 years outdated.

Quote: "Older ‘shadow’ tankers transporting Russian oil and petroleum merchandise throughout EU Member States’ unique financial zones, territorial waters, or maritime straits increase environmental and monetary considerations attributable to their age, questionable upkeep information, and insurance coverage protection. Their insurance coverage doubtlessly lacks ample safety & indemnity (P&I) protection to cowl the associated fee within the occasion of an oil spill or different disaster.

Within the occasion of accidents, coastal international locations could bear the monetary burden of cleanup, in addition to the repercussions of injury to their marine ecosystems. The price of cleanup and compensation ensuing from an oil spill from tankers with doubtful insurance coverage may quantity to over €1 billion for coastal nation’s taxpayers.

Since introducing sanctions till the tip of June 2025, thorough enforcement of the value cap would have reduce Russia’s export revenues by 11% (€39.51 billion). In June 2025 alone, full enforcement of the value cap would have diminished revenues by 5% (roughly €0.55 billion)."

Background:

• CREA’s Could 2025 report famous that Russia’s fossil gasoline export revenues had fallen to their lowest stage for the reason that begin of the full-scale warfare in opposition to Ukraine.
• The Worldwide Vitality Company (IEA) reported that in June, Russia’s oil and oil product exports remained at a five-year low for the season, elevating considerations about its capacity to take care of manufacturing capability.
• Sweden and Denmark, following Germany’s lead, have begun requiring tankers to current insurance coverage paperwork when passing by means of their territorial waters within the Baltic Sea to curb Russia’s shadow fleet operations.
• The dimensions of Russia’s so-called shadow fleet of oil tankers has grown from fewer than 100 vessels at the start of 2022 to between 300 and 600 by early 2025, relying on the counting methodology.

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