Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 24, 2025

Russian plant fire rages on, 24 hours after Ukrainian attack

MOSCOW (Reuters) - Russian firefighters were on Thursday still battling a fire reported to have broken out at an oil depot near an air base for strategic bombers in the Volga region, more than 24 hours after a Ukrainian drone attack.

"It takes a certain amount of time to complete the burnout process. The situation is under control," regional governor Roman Busargin said in a Telegram post.

A state of emergency was in effect in Engels, a city of 200,000 people some 730 km (450 miles) southeast of Moscow, after the blaze spread and two firefighters died trying to put it out.

Busargin said the fire had broken out at an industrial site, which he did not name, after a mass drone attack. The Ukrainian military said on Wednesday that it had set fire to an oil depot that serves an air base for Russian nuclear-capable bombers.

Engels is hundreds of kilometres from Ukraine. In December 2022, three Russian air force personnel were killed when a drone was shot down there.

Russian news reports also said the fire was at an oil facility. Videos and photos published on social media showed a large fire sending thick clouds of smoke into the night sky.

(Reporting by Reuters; editing by Guy Faulconbridge and Kevin Liffey)

Recommended for you

  • Ukraine's military says it shot down 70 out of 151 drones launched by Russia overnight

  • China to roll back clean power subsidies after boom

  • Analysis-Investors return to new-look Middle East, but Trump causes some concern