"Ukrainian forces have reportedly launched a massive attack as "explosions" rocked multiple energy sites across Russia overnight including Russia's Volgograd oil refinery. Ukraine's General Staff confirmed the successful strikes on Thursday writing on Facebook, "the annual refining capacity of this plant is 15.7 million tons (5.6% of all refining in Russia)." "Explosions and fire were recorded in the area of the target," they added, The Kyiv Independent reported."
"Russian residents posed photos and videos on social media and scenes of large-scale flashes were seen lighting up the night sky in the direction of Russia's Volgograd oil refinery. Volgograd Oblast government Andrey Bocharov said one person was killed, he wrote on Telegram, "A civilian, a 48-year-old man, died as a result of shrapnel from the shelling." The refinery is operated by Lukoil and is around 300 miles from the front line, the Volgograd refinery supplies fuel for the Russia n military."
"Last month the US President finally sanctioned two of Russia 's largest oil companies, Lukoil and Rosneft in an attempt to pile more pressure on Vladimir Putin to agree to a ceasefire. This is the first set of sanctions the US President has imposed on Moscow since Donald Trump took office in January 2025. The US Treasury Secretary Scott Bessent said, "Now is the time to stop the killing and for an immediate ceasefire." "Given ( Russian) President (Vladimir) Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine.""
Ukrainian forces conducted large-scale strikes on multiple Russian energy sites overnight, with explosions reported near the Volgograd oil refinery. Ukraine's General Staff confirmed successful hits and noted the refinery's annual capacity at 15.7 million tons, about 5.6% of Russian refining. Residents posted photos and videos showing large flashes; Volgograd officials reported one civilian killed by shrapnel. The Volgograd plant, operated by Lukoil and about 300 miles from the front line, supplies fuel for the Russian military. The United States sanctioned Lukoil and Rosneft and called for an immediate ceasefire, while Russian leaders issued threats of continued destruction.
Read at London Business News | Londonlovesbusiness.com
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