Russia’s fossil fuel export earnings fell 1% in June; meanwhile, France’s LNG imports climbed 34% in Freight News 13/07/2026 In June 2026, Russia’s fossil fuel export revenues fell by 1% month-on-month to EUR 734 mn per day, even as export volumes rose 7%. Russia’s crude oil export revenues fell 8% month-on-month, while export volumes increased 14%. The rise in export volumes was driven by a 68% month-on-month increase in crude loadings at the Black Sea port of Novorossiysk, offsetting declines of 10% at Ust-Luga and 9% at Primorsk, Russia’s Baltic ports. Ukraine’s sustained drone attacks on Russian refineries have sharply disrupted oil product exports, with June seaborne loadings falling 21% month-on-month to a record low amid domestic fuel shortages and a temporary jet fuel export ban. In June, the EU’s imports of Russian LNG dropped a mere 5% month-on-month; however, they remained 14% above June 2025 levels. France’s imports of Russian LNG increased by 34% month-on-month, despite a 35% decrease in total unloaded LNG. Despite the EU’s ban on imports of oil products made from Russian crude, eight shipments of oil products from refineries using Russian crude were unloaded at EU ports in June. Refineries in India, Turkiye, Brunei, and Georgia that use Russian crude exported EUR 814 mn of oil products to sanctioning countries in June 2026. India’s imports of Russian crude oil reached a record high, rising 34% month-on-month. India purchased EUR 4.5 bn of Russian crude in June. In June 2026, 54% of Russia’s seaborne oil was transported by ‘shadow’ tankers under sanctions. A further 43% of the volume was transported by G7+ tankers. The remainder was transported by non-sanctioned ‘shadow’ tankers. In June, 15 new vessels entered the Russian oil trade; twelve of these tankers were owned or insured by the G7+ at the time of loading. In June 2026, 45 ‘shadow’ vessels transporting Russian fossil fuels were operating under false flags at the end of the month. After becoming t