Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
Headlines

Drones attack industrial areas in Russia's Stavropol region, governor says

Published by Global Banking & Finance Review

Posted on May 19, 2026

2 min read

· Last updated: May 20, 2026

Add as preferred source on Google

Russian attacks kill two in Ukraine; Kyiv drones strike central Russia

Overview of Recent Escalations in the Russia-Ukraine Conflict

By Jekaterina Golubkova

May 20 (Reuters) - Two people were killed and 19 injured in Russia attacks on Ukraine overnight, local officials said on Wednesday, while Ukraine sent drones to strike industrial areas in central Russia.

Casualties and Damage in Ukraine

In Ukraine, two people were dead and six injured after Russia hit the southeastern city of Dnipro with missiles, drones and artillery, local authorities said on Telegram. Another 13 injuries were reported in the northern Sumy region and the southeastern region of Zaporizhzhia, including three children, authorities added.

Verification and Civilian Impact

Reuters could not independently verify the reports. Russia and Ukraine deny deliberately targeting civilians.

Drone Strikes in Central Russia

Targeting Industrial Infrastructure

DRONES TARGET INDUSTRIAL AREAS IN RUSSIA

Ukraine has stepped up drone attacks on Russia's energy infrastructure, doubling the number of oil refineries targeted since the start of the year, according to information posted on social media by Russian officials, as it aims to deprive Moscow from energy revenues to end more than four-year-long war.

Russian Leadership and Strategic Response

Russian President Vladimir Putin, along with key members of his government and business leaders, is visiting China, Russia's key energy buyer, on Wednesday.

Russia's Defence Ministry downed 273 drones over the country overnight, TASS state news agency said, citing the ministry.

Regional Impacts of Drone Attacks

In Russia, drones attacked industrial areas around Nevinnomyssk in the southern Stavropol region, its governor said on Telegram, adding there was no damage reported so far but the attacks were continuing.

The area is home to Nevinnomyssky Azot, a large chemical plant, which has been a target of drone attacks from Ukraine before. 

Around Kstovo, in Russia's Nizhny Novgorod region where an oil refinery belonging to Lukoil is located, was also under drone attack, Nizhny Novgorod's mayor said on Telegram.

Two drones were downed over Russia's northwestern region of Leningrad, home to one of the country's biggest refineries and an oil export port, with drone attacks also over Moscow, the Tula region south of the capital,  local authorities said on Telegram. The Belgorod border region was also attacked, with an ambulance driver injured, authorities said.

Reporting and Editorial Information

(Reporting by Jekaterīna Golubkova in Tokyo; Editing by Chris Reese, Tom Hogue and Lincoln Feast.)

Key Takeaways

  • Nevinnomyssky Azot chemical plant, a key facility in Russia’s defense‑industrial complex, was struck by drones on the night of May 15–16, 2026, igniting a fire despite official statements of no ground damage (thedefensenews.com).
  • This marks at least the sixth drone attack on the plant since mid‑2025, underlining its repeated targeting due to its role in producing chemicals for explosives and munitions (euromaidanpress.com).
  • In related developments, Russia launched missile and drone strikes on Ukrainian cities including Dnipro and Odesa, resulting in civilian injuries; Russia and Ukraine continue to accuse each other of not intending to target civilians (investing.com).

References

Frequently Asked Questions

Where did the drone attacks in Russia take place?
The drone attacks targeted industrial areas around Nevinnomyssk in Russia's southern Stavropol region.
Who reported the drone attacks in Stavropol?
Governor Vladimir Vladimirov reported the drone attacks via Telegram.
What significant facility is located near the attacked area?
Nevinnomyssky Azot, a large chemical plant, is located near the attacked area and has been previously targeted.
Were there any injuries reported in Ukraine related to attacks?
Five people were injured after Russia hit the southeastern city of Dnipro, according to Ukraine's regional governor.
Did the authorities provide further details on the drone attacks?
No additional details were provided by the authorities at the time of reporting.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category