Ukraine Claims Strike Destroys Half of Russian Oil Refining Capacity

Ukraine says its long-range drone and missile strikes have severely damaged Russian oil refining infrastructure, with claims of destroying roughly half of Russia's refining capacity. Putin acknowledged the strikes have cost Russia approximately 1% of GDP. The escalating campaign reflects Ukraine's strategy to degrade Russia's economic capacity to fund its war effort.

Byte's take

Russia's refining crisis becomes Europe's energy headache. Ukraine's strikes on Russian oil infrastructure tighten global fuel supplies, pushing up prices across EU markets already strained by sanctions and the bloc's pivot away from Russian energy.