Russia's key Black Sea oil port resumes operations after Ukrainian strikes, Bloomberg reports

A key Russian Black Sea oil port has resumed crude oil loading after several days of disruptions caused by Ukrainian attacks.

Source: Bloomberg, citing sources

Details: Earlier, vessel-tracking data showed that the Aframax-class tanker Altai, which typically carries between 80,000 and 100,000 tonnes of crude oil, had docked at the port of Novorossiysk.

Sources confirmed the resumption of operations but asked not to be named as the information is not public.

Novorossiysk is Russia's largest port on the Black Sea, hosting several facilities for exporting raw materials and general cargo. On 5 April, Ukrainian drones struck the Sheskharis oil terminal operated by Transneft in the port area, halting loading operations.

According to information released earlier this week by the General Staff of the Armed Forces of Ukraine, mooring equipment at a minimum of five berths was damaged, along with a pipeline system used to distribute oil.

In recent weeks, Kyiv has stepped up attacks on Russia's oil export infrastructure on both the Black Sea and the Baltic Sea in an effort to limit the flow of oil revenues to the Kremlin amid rising global oil prices caused by the war with Iran, which has increased Moscow's income.

Background: The Baltic port of Primorsk in Russia, one of the country's largest export hubs, lost at least 40% of its storage capacity as a result of Ukrainian drone attacks last month.

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