Petras Katinas
Petras Katinas is a research fellow at RUSI's Centre for Finance and Security specialising in energy sanctions and Russian oil revenue analysis.
Last refreshed: 1 June 2026 · Appears in 1 active topic
How did a RUSI analyst put a dollar figure on the UK's Russian fuel import concession?
Timeline for Petras Katinas
valued the Russian-derived distillate flow at $1.2-1.4bn a year at 2025 volumes
European Oil Markets: Starmer reopens UK door to Russian fuel- Who calculated the value of the UK's Russian fuel import exemption?
- Petras Katinas, a research fellow at RUSI's Centre for Finance and Security, estimated the UK's easing of sanctions to permit third-country imports of diesel and jet fuel refined from Russian crude would allow $1.2-1.4 billion per year in flows, based on 2025 trade volumes.Source: Lowdown european-oil-markets briefing
- How much Russian oil revenue does the UK's May 2026 sanctions easing allow?
- RUSI research fellow Petras Katinas estimated the UK's May 2026 decision to allow imports of jet fuel and diesel refined from Russian crude in third countries would permit flows worth $1.2-1.4 billion per year at 2025 volumes.Source: Lowdown european-oil-markets briefing
Background
Petras Katinas is a research fellow at the Royal United Services Institute (RUSI) Centre for Finance and Security in London, where his work focuses on energy sanctions, Russian oil revenue flows, and the economic statecraft tools used to constrain Moscow's war financing. He is one of a small group of independent analysts in the UK with detailed quantitative expertise in the intersection of sanctions policy and physical oil market flows.
Katinas came to prominence in the European oil markets debate in May 2026 when he valued the Starmer government's decision to ease UK sanctions to permit imports of jet fuel and diesel refined from Russian crude in third countries. He assessed the policy would allow $1.2-1.4 billion per year in flows at 2025 volumes, grounding what had been a politically contested question in verifiable trade data. His figure was reported alongside Tom Keatinge's political criticism, giving the policy debate both a quantitative and a governance dimension.
Katinas's analysis is regularly cited in parliamentary and media reporting on sanctions effectiveness, and his work at RUSI's Centre for Finance and Security feeds into UK Government advisory channels on financial crime and illicit finance policy.
