Russia is experiencing a worsening fuel crisis as drone strikes on oil refineries have crippled 54% of national refining capacity. With petrol available at only 28% of stations, the government has implemented rationing, price caps, and reauthorized lower-grade fuel.
Andrei Klepach, chief economist at Russia's state development bank VEB, was fired after publicly warning that the war in Ukraine is causing economic decline and potential social instability comparable to the 1917 revolution.
Russian police are arresting citizens complaining of fuel shortages as Ukrainian drone strikes on refineries spark rationing, long queues, and fighting at petrol stations across at least 12 regions.
Andrei Klepach, chief economist at Russia's VEB development bank, has been fired after warning that mounting economic costs from the Ukraine war and growing lag behind the West and China could trigger an unexpected social crisis akin to the 1917 revolution.
At least 13 people were killed, including a child, and 39 injured in a Ukrainian drone attack on industrial and civilian targets in the Russian city of Nizhnekamsk, marking one of the heaviest civilian tolls in months.
A compilation of international news reports covering updates on the Russia-Ukraine conflict, Middle East diplomatic tensions, statements from Russian and Western officials, and various global events.
Yulia Mendel, former spokesperson for President Vladimir Zelensky, stated that Ukraine's energy system is fragmented and its oil refineries are almost entirely destroyed. This has led to longer queues, higher fuel prices, and difficulty finding working gas stations for ordinary Ukrainians, with 37 Naftogaz stations reportedly targeted.
Ukrainian drones struck three oil refineries in Russia's Bashkortostan and a sanctioned Russian ship in the Black Sea. Concurrently, Russian missile and drone attacks killed at least nine in Kyiv, wounded 33, and damaged infrastructure, including Lithuania's embassy. The Zaporizhzhia nuclear plant also briefly lost off-site power.
The US and Israel are reportedly planning extensive bombing campaigns targeting Iran's energy infrastructure, including power plants and refineries, over the upcoming weekend, according to CBS News sources cited by TASS.
The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
The EU Council expanded sanctions against the Russian oil industry, targeting three Russian refineries, a major Belarusian refinery, a company selling Belarusian petroleum products, and a Georgian refinery allegedly involved in Russian oil trade, with a ban on transactions.
Rio Tinto has signed a five-year sales agreement with Australian company SuperChar Limited to purchase 35,000 tonnes of bana grass bio pellets by 2028. This $30 million biochar facility in Boynedale, Central Queensland, aims to replace up to 50% of coal in Rio Tinto's Gladstone refinery boilers, pending council approval.
Russia's economy faces increasing strain from war financing, leading the Ministry of Finance to suspend bond sales due to high yields demanded by banks. Ukraine's drone attacks on Russian infrastructure, including e-commerce warehouses, further exacerbate economic pressure and challenge the perception of a peaceful life.
Ukraine has intensified attacks on Russian shadow tankers supplying Crimea and refineries deep within Russia, including the Omsk refinery. These strikes aim to worsen an energy crisis on the peninsula and deny Russia fuel and export revenue, with significant damage reported to Russia's refining capacity.
Russia is enhancing security at its oil refineries and working to maintain fuel production following drone attacks that have idled some facilities, Deputy Prime Minister Alexander Novak stated. The country aims to ensure sufficient fuel volumes and additional shipments to regions experiencing shortages due to panic buying.
India's petroleum product exports may rise 25% by FY25, reaching $44.4 billion, driven by Indian Oil Corporation's (IOCL) expansion. New capacity by December 2026 will boost exports, despite India importing 90% of its crude oil.
Ukraine's stepped-up drone attacks on Russian energy infrastructure and military assets are reshaping modern warfare and influencing NATO's defense spending. The alliance plans to invest over $40 billion in counter-drone capabilities.
Russia has banned diesel exports to stabilize its domestic market following Ukrainian drone attacks on refineries, which have caused gasoline shortages and price spikes. Meanwhile, Russian missile and drone attacks killed at least three in Kyiv and four in Odesa.
Ukrainian drones have conducted long-range attacks on Russia's largest oil refineries, including Omsk, NORSI, and others across Siberia and European Russia. These strikes are reportedly intensifying fuel shortages, leading to price hikes and queues at petrol stations.
Ukrainian drones have conducted long-range attacks on Russia's largest oil refineries, including Omsk, intensifying fuel shortages, rising prices, and causing queues at petrol stations across numerous regions.
Ukraine reported striking a dozen Russian "shadow fleet" tankers delivering fuel to Crimea with drones. Simultaneously, Kyiv faced a Russian missile attack injuring two, while Odesa also sustained a missile strike. President Zelenskyy appealed for NATO membership and discussed ending the war with US President Trump.
Ukrainian drones targeted a major Russian military training ground in the Leningrad region and an oil refinery in Omsk, deep in Siberia. This escalation follows a deadly ballistic missile strike on Kyiv, highlighting Ukraine's expanding strike capabilities and the ongoing conflict.
Port Arthur, Texas, a low-income community, suffers from severe health issues and economic hardship due to the presence of major oil refineries, including Motiva, owned by Saudi Aramco. Residents face high rates of cancer, asthma, and heart disease, with significant environmental pollution and economic disinvestment.
Kyiv experienced its worst Russian attack in over four years, with 21 killed and dozens injured by nearly 500 drones and over 70 missiles. Residential buildings and infrastructure were hit, prompting a day of mourning. President Zelenskyy reiterated calls for air defense aid.
