Ukraine&#x27s SBU hits Russia&#x27s Volgograd oil refinery in drone assault, resource says

Ukraine&#x27s SBU hits Russia&#x27s Volgograd oil refinery in drone assault, resource says


A general check out displays the oil refinery of the Lukoil organization in Volgograd, Russia on April 22, 2022. 

Reuters Photographer | Reuters

Two Ukrainian drones struck a key oil processing facility at the Volgograd oil refinery in southern Russia on Saturday in an procedure executed by the SBU protection provider, a Ukrainian resource advised Reuters.

Nearby authorities in Russia claimed before that a fire had been extinguished at the substantial refinery pursuing a drone attack. The refinery is owned by oil producer Lukoil.

The strike is the most current in a collection of Ukrainian drone attacks focusing on Russian oil services in new months, infrastructure that Kyiv sees as critical for the Kremlin’s war energy.

Read through far more about Russia’s war on Ukraine:

The source in Kyiv informed Reuters this sort of drone assaults would carry on.

“By hitting oil refineries doing work for the Russian military-industrial advanced, we not only lower off the logistics of fuel supplies for enemy devices, but also minimize the filling of the Russian budget,” the supply said.

The length from the northeastern Ukrainian city of Kharkiv in the vicinity of the Russian border and the southern Russian city of Volgograd is extra than 600km.

Russia has been conducting common extensive-assortment missile strikes on targets in Ukraine because the starting of its full-scale invasion, prompting Kyiv to scramble for a way it can near the hole on Moscow’s a lot more advanced armed service engineering.

It has sought to spur innovation in drone technologies and to aid the output of very long-array drones to make it possible for Ukraine to strike back again.



Source

S&P 500 finds itself once again unable to surmount the 7,000 threshold
World

S&P 500 finds itself once again unable to surmount the 7,000 threshold

Another week when “It could’ve been worse” passes for a declaration of victory on Wall Street, as traders navigate mini-crashes rolling through one sector after the next and investors try to draw nourishment from the relative outperformance of a majority of stocks. The S & P 500 was about flat last week and finished at […]

Read More
The AI ‘scare trade’ is tearing through markets. Bernstein picked 8 stocks that can weather the storm
World

The AI ‘scare trade’ is tearing through markets. Bernstein picked 8 stocks that can weather the storm

Bernstein has listed eight European “AI risk-proof” names it thinks are structurally resilient to the recent market volatility , and can outperform peers thanks to moats in their business models. The logistics, software, real estate and financials sectors in the U.S. have been hit in recent weeks by “the AI scare trade.” A key catalyst […]

Read More
China’s tech shock threatens the U.S. AI monopoly and is ‘just getting started’
World

China’s tech shock threatens the U.S. AI monopoly and is ‘just getting started’

China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images China’s rapid advancement in AI is threatening to shake up U.S. dominance in the market, with one analyst warning of a tech shock that is just getting started. Rory Green, TS Lombard’s chief China economist and head […]

Read More