Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt the impact
Ukrainian drones have struck oil facilities deep inside Russia, causing fires and environmental damage, with Ukraine's President Volodymyr Zelenskyy claiming the attacks have cost Russia at least $7 billion since the start of the year. The economic impact is unclear as Russia benefits from rising oil prices due to the Iran crisis.
Ukrainian drones have hit oil facilities deep inside Russia, causing massive plumes of smoke and toxic rain. The attacks target Moscow's oil exports, a key funding source for its invasion of Ukraine. Ukrainian drones struck the Tuapse oil refinery and export terminal four times in two weeks, sparking fires and evacuations. Ukraine also hit an oil pumping station in Russia's Perm region, over 1,500 kilometers from Ukraine. President Volodymyr Zelenskyy said the attacks have cost Russia at least $7 billion since the start of the year. The economic impact is unclear as Russia benefits from rising oil prices due to the Iran crisis, with Russian crude and oil product exports rising to 7.1 million barrels in March.
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