Russia’s largest Black Sea crude oil export terminal in Novorossiysk has resumed loadings after Ukrainian drone strikes forced a suspension in late July 2026. The Sheskharis facility handles roughly 650,000 barrels per day with a throughput capacity reaching up to 75 million tons of oil per year. Drone attacks in April, May, and July 2026 suggest a systematic campaign targeting Russia’s energy export infrastructure rather than opportunistic incidents. Nighttime shipping restrictions effectively reduce the terminal’s operational capacity even when technically functional. This disruption highlights that geopolitical supply shocks continue to drive the macro backdrop for risk assets, including crypto markets.
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