Ukrainian Foreign Intelligence has obtained new internal Russian documents. They are showing growing problems in the country’s oil, banking, and budget sectors, Ukrainian President Volodymyr Zelenskyy says.
According to him, the documents reflect Russia’s internal assessment of the war's consequences, information that Moscow is hiding from both its population and the outside world.
Oil wells are being shut down in Russia
One of the main indicators highlighted by Zelenskyy was the condition of Russia’s oil industry.
“Just one Russian oil company, and not even the largest, has already been forced to shut down around 400 wells,” Zelenskyy said.
According to him, this is especially damaging for Russia because restarting oil wells there is significantly more difficult than in many other countries.
Another indicator was the decline in oil refining. Intelligence data reportedly shows that Russian oil refining volumes dropped by at least 10% in just the first months of 2026.
The president linked this decline to Ukrainian long-range strikes against Russian infrastructure.
“We see that our Ukrainian long-range sanctions are truly working,” he stated.
Crisis deepens in Russia’s banking sector
Zelenskyy also reported worsening conditions in Russia’s financial system.
According to Ukraine’s Foreign Intelligence Service, 11 Russian banks are preparing for complete liquidation due to critical financial problems, while another eight institutions have accumulated risks they cannot cover without external support.
Intelligence data also points to a deepening budget crisis.
Russia’s federal budget deficit has reportedly reached $80 billion, while some regional budgets are reportedly close to bankruptcy.
Russia attempting to bypass sanctions
Ukrainian intelligence also documented Russian efforts to use foreign businesses to bypass sanctions.
This reportedly includes attempts to export grain from occupied Crimea and attract investment and technology for Arctic oil and gas projects.
Zelenskyy instructed Ukrainian Foreign Intelligence chief Oleh Ivashchenko to prepare part of the information for international partners in a format that would protect intelligence sources.
