Ukraine Strikes Russian Oil as Missile Attacks Intensify

Ukraine continued to target energy infrastructure overnight, using drones to hit two oil refineries in Russia

Quick overview

  • Ukraine targeted Russian energy infrastructure overnight, hitting two oil refineries in Krasnodar and Samara regions.
  • Regional authorities confirmed a fire at the Krasnodar refinery caused by drone debris, but no casualties were reported.
  • The attacks have intensified, leading to a domestic fuel market crisis in Russia and increased oil prices.
  • President Zelensky reported a massive Russian airstrike involving 540 drones and multiple missiles, resulting in one death and twenty-two injuries in Zaporizhzhia.

Ukraine continued to target energy infrastructure overnight, using drones to hit two oil refineries in Russia as it repelled another round of missile and drone attacks from Kremlin forces. In an attempt to stop the flow of fuel to Russia’s army, attacks were carried out on two refineries: one in the Krasnodar region and the other in the Samara region, according to a Facebook post by Ukraine’s General Staff.

The Ria Novosti news agency reported that regional authorities in Krasnodar acknowledged that a fire at the refinery was caused by falling drone debris, but they did not report any casualties.

The fire has been put out. According to Vyacheslav Fedorischev, the governor of Russia’s Samara region, a drone attack on an unidentified “enterprise” in Syzran was repulsed, according to the Interfax news agency. More than 1,200 kilometers (750 miles) to the northeast of Kyiv is Syzran.

Attacks on Russian energy infrastructure, including several refineries, have recently increased in intensity by Ukraine. A domestic fuel market crisis has been exacerbated by the strikes, leading to price increases amid strong seasonal demand. Oil exports have also slowed due to attacks on Russian pipelines.

Approximately 13% of Russia’s active capacity was momentarily shut down earlier this month due to a series of strikes on its refineries. On Telegram, Russia’s Defense Ministry reported that 86 Ukrainian drones had been intercepted and destroyed by its air defenses.

President Volodymyr Zelensky stated on X that Russia launched another massive airstrike against multiple Ukrainian regions overnight, involving approximately 540 drones, eight ballistic missiles, and 37 missiles of various kinds. According to local officials, there was one fatality and twenty-two injuries in the southern part of Zaporizhzhia.

ABOUT THE AUTHOR See More
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks the financial markets with over 15 years of working experience in investment trading.

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