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As Russian oil profits soar, so do Ukraine's drone attacks on refineries

The U.S.-Israeli war with Iran has been a boon for the Kremlin's war coffers — during just the first two weeks of fighting, Russian earned an additional 6 billion euros ($6.9 billion) as global oil prices spiked. But two weeks later, Moscow was suffering from what Reuters described as "the most severe oil supply disruption in the modern history of Russia." Alongside continued pipeline disruption and tanker seizures, Ukrainian drone strikes contributed to around 40% of Russia’s oil export capac

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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