Rosneft admits losses from Ukraine's refinery strikes becoming unsustainable, Bloomberg reports

Rosneft is experiencing significant financial strain due to Ukraine's intensified strikes on its refineries, leading to operational disruptions and potential long-term damage. The Ryazan refinery has faced prolonged shutdowns, while other facilities like Syzran and Tuapse have also been severely impacted. Despite the ongoing conflict benefiting some aspects of the Russian oil industry, Rosneft's profits have declined sharply, with a nearly 20% drop in net income for the first half of 2026. Repair costs are rising unsustainably due to sanctions and the frequency of attacks, prompting the company to extend repair timelines. Rosneft maintains that it is ensuring fuel supply stability despite these challenges.