Published by Global Banking & Finance Review®
Posted on July 28, 2025
2 min readLast updated: January 22, 2026
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A Russian airstrike on Kyiv injured eight, including a child. The attack targeted a residential building amid ongoing conflict, with drones and missiles launched overnight.
By Max Hunder
KYIV (Reuters) -A Russian overnight air attack wounded eight residents of an apartment building in Kyiv, including a three-year-old child, authorities said on Monday, while the Ukrainian air force said a town hosting a key air base had been attacked.
Four of those injured in the capital were admitted to hospital with one in serious condition, the head of Kyiv's military administration, Tymur Tkachenko, said on Telegram.
Ukraine's air force said Russia had launched 324 drones and seven missiles overnight, and that their main target was Starokostyantyniv in western Ukraine, home to a major air base.
It said 15 drones and two missiles had hit targets in three locations, but did not specify where.
Russia invaded its neighbour three and a half years ago. Its repeated night-time air attacks, sometimes involving hundreds of drones, are often accompanied by a handful of missiles to try to overwhelm air defences.
The capital and most of Ukraine were under air raid alerts for several hours overnight. Polish aircraft were also scrambled to ensure the safety of national airspace.
Those wounded in Kyiv were residents of a multi-storey apartment building in the Darnytskyi district, Kyiv Mayor Vitali Klitschko said.
The full scale of the Russian attack on Ukraine was not immediately known. There was no comment from Russia.
Both sides deny targeting civilians in the war. However, thousands of civilians have died in the conflict, the vast majority of them Ukrainian.
(Writing by Lidia Kelly in Melbourne; Editing by Kim Coghill, Saad Sayeed and Kevin Liffey)
Financial stability refers to a condition in which the financial system operates effectively, allowing institutions to manage risks, maintain liquidity, and support economic growth without significant disruptions.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn. It can result from various factors, including market crashes or banking failures.
Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events in financial contexts.
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