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Podcast Episode
Carnegie Politika

Has Ukraine Dealt a Lethal Blow to the Russian Oil Sector?

Podcast host Alex Gabuev is joined by Tatiana Mitrova, a global fellow at Columbia University’s Center on Global Energy Policy, to discuss how the latest series of drone attacks and the Middle East conflict have affected the Russian energy industry, and whether they amount to a lethal blow to Putin’s war chest.

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By Alexander Gabuev and Tatiana Mitrova
Published on Jul 2, 2026

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Carnegie Politika is a digital publication that features unmatched analysis and insight on Russia, Ukraine and the wider region. For nearly a decade, Carnegie Politika has published contributions from members of Carnegie’s global network of scholars and well-known outside contributors and has helped drive important strategic conversations and policy debates.

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Following waves of Ukrainian attacks against energy infrastructure in 2024 and 2025, Russia managed to recover quickly. But the most recent drone strikes on Russian refineries were more calculated and impactful. Are they enough to finally topple the goliath of Russian oil revenues that has fed the Russian war machine? What tools does the Kremlin have to mitigate the looming fuel crisis? Will gasoline shortages prove to be the last straw that pushes the Russian public to oppose the war?


Hosted by

Alexander Gabuev
Director, Carnegie Russia Eurasia Center
Alexander Gabuev

Featuring

Tatiana Mitrova

Research Fellow at the Center on Global Energy Policy

Tatiana Mitrova

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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