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Russia’s oil and gas tax revenues fell seventeen percent in the first nine months of 2026, despite Urals crude trading above ninety-two dollars a barrel at the end of September. Eastern Express examines how Ukrainian strikes, falling production, export bottlenecks and a stronger ruble are limiting the benefit of higher prices. We explain why damage to refineries can reduce fuel exports while leaving more crude available for sale abroad.
The episode also considers whether Donald Trump’s diesel arrangement with Vladimir Putin can ease Russia’s energy pressures and what Washington’s requests to halt Ukrainian refinery strikes mean for Kyiv. Can Moscow turn expensive oil into the reliable revenue it needs to keep financing its war?
Chapters:
00:00 - Intro
00:07 - Russia's oil problem
01:02 - Trump's fuel deal with Putin
02:41 - How effective are Ukraine's refinery strikes?
08:49 - Will the Putin–Trump deal go through?
13:02 - Does Donald Trump have any principles?
16:32 - Peace talks outlook at a standstill
18:39 - Eastern News Flash
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