According to Putin, what was the estimated economic cost of Ukraine's 40-day strike campaign against Russia, and how did he characterize its significance?

Putin stated that Ukrainian attacks during the 40-day campaign caused damage 'equivalent to about 1% of Russia’s gross domestic product', calling it 'quite substantial' but 'not critical damage for us'.

What specific infrastructure and export sectors did Putin say were affected by Ukraine's strikes, and what were some concrete impacts cited?

Putin said the strikes damaged about 100 Russian ships—including 40 in the first two weeks—left only about 10% of Russia’s refineries needing repair, disrupted the Black Sea route handling over 70% of Russian grain exports and shipments of oil, steel, and coal, reduced seaborne crude exports to 3.46 million barrels a day in the four weeks through August 23, and forced three major grain terminals at Novorossiysk to halt operations after a drone attack collapsed a loading gallery and damaged multiple silos.

Putin Says Ukraine Strikes Cost Russia 1% of GDP

Sep 1, 2026

Putin stated Ukrainian strikes caused damage equal to 1% of Russia's GDP, impacting oil refineries and Black Sea export routes for grain, oil, and coal. Seaborne crude exports dropped while major grain terminals halted operations.

bloomberg

2026-08-26

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Putin Says Ukraine Strikes Cost Russia 1% of GDP

Putin Says Ukraine Strikes Cost Russia 1% of GDP

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