Ukrainian drone attacks in the Baltic are hampering Russia’s ability to benefit from a crude rally driven by the Middle East war and exposing the weaknesses of the country’s anti-drone defences.
The Kremlin has admitted that Russia has limited capacity to protect its crucial energy export facilities from the blowback of President Vladimir Putin’s invasion of Ukraine, now dragging into its fifth year.
Moscow’s windfall profits from the Iran war remain high as Brent crude trades above $100 a barrel, but attacks on Russia’s two main export locations in the Baltic Sea may cut into the Kremlin’s windfall.
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