Attack on Russian naval vessel: export of Russian oil from Novorossiysk is under threat – FT

As a result of the drone attack on the Russian naval vessel Olenegorsky Gornyak near Novorossiysk, the export of Russian oil, which is one of the sources of financing for the Russian Federation's war against Ukraine, is under threat.

Source: The Financial Times

Details: The attack follows a series of Russian strikes on Ukraine's grain export infrastructure in recent weeks.

Novorossiysk port is the main Black Sea oil port of Russia. It exports about 600,000 barrels of oil per day. In addition, this port is the main point of export of oil from Kazakhstan, where the line of the Caspian Pipeline Consortium, with a capacity of 1.2 million barrels per day, ends.

Journalists assume that the attack on the oil export infrastructure is likely to cause concern in the White House and other Western capitals.

The FT explained that the US has led efforts to keep Russian oil on the market to stop the global prices from rising and avoid damage to the global economy. US President Joe Biden's administration wants oil prices to remain stable ahead of next year's presidential election.

Background:

Explosions occurred in the Russian city of Novorossiysk on the night of 3-4 August, and the Russian Defence Ministry has reported an attack by two unmanned surface vessels.

The Security Service of Ukraine (SBU) conducted a special operation in Novorossiysk Bay, Russia, and an uncrewed surface vessel (USV) damaged the Olenegorskiy Gornyak large landing ship.

British Intelligence reported that the ship Olenegorsky Gornyak, which was attacked on 4 August in the port of Novorossiysk, became the largest seriously damaged military vessel of the Russian Federation after the sunken cruiser Moskva.

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