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St Petersburg oil terminal hit in drone attack

Xenia. W by Xenia. W
5 July 2026
in Business, News
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A Ukrainian drone attack struck an oil terminal in St Petersburg on Saturday, Russian officials said, as Kyiv presses on with bombardment of Russia’s oil infrastructure.

Almost daily long-range attacks on Russian oil facilities have created a fuel crisis and heaped political pressure on the Kremlin as its military campaign in Ukraine stretches into its fifth year.

Governor Alexander Beglov said the city’s Kirovsky district on the Baltic Sea was hit. He also said that air defences shot down 72 Ukrainian drones across Russia’s second-largest city and the surrounding region.

Ukrainian President Volodymyr Zelenskyy described the attack as part of Ukraine’s “long-range sanctions” against Russia. He said that Ukrainian forces also hit a military target on the island of Kronstadt, just off the coast of St. Petersburg.

“The Ukrainian defense forces hit the port oil infrastructure, which earns money for the Russian war, and there were also hits on Kronstadt — an important military target,” he said in a post on Telegram.

St Petersburg’s Kirovsky district was previously hit in June, ahead of Russia’s flagship St. Petersburg International Economic Forum.

The Crimean peninsula, which Russia annexed in 2014, has suffered particularly from heavy strikes, causing local authorities to suspend gasoline sales to civilians. A Ukrainian attack on Saturday killed one person and injured two more, including a 10-year-old child, the Moscow-installed Gov. Sergei Aksyonov said.

Russian President Vladimir Putin has shrugged off Ukraine’s strikes on Russia’s energy facilities as “not critical,” and insisted the war will continue until his goals are met.

He has described the attacks on Russian energy as an effort by Ukraine to distract attention from its losses on the battlefield. (AP)

Tags: BusinessFinance
Xenia. W

Xenia. W

Xenia is a Hong Kong–based writer and content creator focusing on financial markets, policy and the city’s evolving economic landscape. With over ten years of experience in higher education and tourism‑related projects, she specialises in transforming complex information into clear, reader‑friendly insights for both professional and general audiences. ​ Drawing on a background in bilingual Chinese–English translation and editing, Xenia writes across topics including Hong Kong and US stocks, market structure, macro trends and how policy shifts affect everyday investors.

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