According to Ukraine’s Foreign Intelligence Service, Russia is reducing the number of active oil wells, while oil refining in the Russian Federation has already decreased by 10% in 2026.
“Our Foreign Intelligence Service has obtained new Russian documents assessing the aggressor state’s wartime losses. What is important is that this is an internal Russian assessment that they are trying to hide both from the world and from the domestic Russian audience. The first significant indicator is the reduction in active oil wells. Just one Russian oil company — and not even the largest — has already been forced to shut down around 400 wells,” Volodymyr Zelensky stated.
He emphasized that, given the specifics of Russian oil extraction, these are substantial losses, since restarting wells in Russia is significantly more difficult than in other oil-producing countries.
According to Zelensky, the second indicator is a reduction in oil refining by at least 10% in just the first few months of this year.
The president also said that data regarding Russia’s banking crisis looks convincing: 11 financial institutions are preparing for complete liquidation due to problems that cannot be resolved otherwise, while another eight banks face critical difficulties that cannot be covered without outside resources.
