Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026

Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026

A fire at the Yaroslavl oil refinery in Russia has been controlled. Officials confirm it was not caused by a Ukrainian drone attack.
MOSCOW (Reuters) -Russian firefighters have brought under control a fire at a major oil refinery in the Yaroslavl region northeast of Moscow, the local emergencies ministry said on Wednesday.
The fire at what is one of Russia's largest refineries broke out earlier on Wednesday, Mikhail Yevrayev, the regional governor said.
He said the blaze had not started as the result of a Ukrainian drone attack even though Kyiv has been systematically targeting refineries to try to disrupt petrol supplies and deprive Moscow of revenue.
"Residents were concerned it might have been the result of an enemy drone attack," Yevrayev said on the Telegram messaging app.
"But what happened has nothing to do with that...The fire is of a technological nature." He did not elaborate.
(Reporting by Lidia Kelly in Melbourne; Editing by Clarence Fernandez/Andrew Osborn)
An oil refinery is an industrial facility where crude oil is processed and transformed into useful products like gasoline, diesel, and other petrochemicals.
Fire safety refers to the practices and measures taken to prevent, control, and respond to fire hazards, ensuring the safety of people and property.
Emergency management involves the planning, coordination, and response to emergencies and disasters to minimize their impact on communities and ensure public safety.
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