Published by Global Banking & Finance Review®
Posted on January 7, 2026
1 min readLast updated: January 20, 2026
Add as preferred source on Google
A fire at an oil depot in Belgorod, Russia, was extinguished after a Ukrainian drone attack, with no casualties reported.
MOSCOW, Jan 7 (Reuters) - Firefighters have put out a blaze that broke out at an oil depot in Russia's southern Belgorod region following an overnight Ukrainian drone attack, the Vesti state TV channel reported on Wednesday, citing the regional governor.
Ukraine earlier said it had hit an oil depot in Belgorod overnight, without providing further details, part of its campaign to degrade Russian energy infrastucture to reduce Moscow's ability to finance its military campaign.
Belgorod Governor Vyacheslav Gladkov said late on Tuesday that several oil storage tanks were on fire at the oil depot in the Starooskolsky district, about 44 miles (70 km) from the border with Ukraine. He said there were no casualties.
(Reporting by Reuters; Writing by Lucy Papachristou; Editing by Andrew Osborn)
Energy infrastructure refers to the physical systems and facilities that generate, transmit, and distribute energy, including oil depots, power plants, and pipelines.
A drone attack involves the use of unmanned aerial vehicles (UAVs) to carry out military strikes or surveillance, often targeting specific locations or assets.
An oil depot is a storage facility for petroleum products, where crude oil and refined products are stored before distribution to consumers or businesses.
Military financing refers to the funding allocated for military operations, equipment, and personnel, often sourced from national budgets or international aid.
A regional governor is an elected or appointed official responsible for overseeing the administration and governance of a specific region within a country.
Explore more articles in the Finance category
