Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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.

    Home > Headlines > Russian attack plunges Kyiv into cold, threatens nuclear-linked facilities
    Headlines

    Russian attack plunges Kyiv into cold, threatens nuclear-linked facilities

    Published by Global Banking & Finance Review®

    Posted on January 20, 2026

    4 min read

    Last updated: January 20, 2026

    Image illustrating the Biysk Oleum Factory's acquisition of Siemens equipment via intermediaries, highlighting the circumvention of Western sanctions. This reflects ongoing military production efforts in Russia.
    Russian bomb factory acquiring Siemens technology amid sanctions - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:insurancefinancial crisiseconomic growthrisk managementpublic policy

    Quick Summary

    Russian forces launched a drone and missile attack on Kyiv, disrupting power and water supplies and causing damage and injuries.

    Table of Contents

    • Impact of Russian Strikes on Kyiv's Energy Infrastructure
    • Extent of Power Outages
    • Nuclear Safety Concerns
    • International Response and Peace Talks

    Russian attack plunges Kyiv into cold, threatens nuclear-linked facilities

    Impact of Russian Strikes on Kyiv's Energy Infrastructure

    By Dan Peleschuk and Yuliia Dysa

    Extent of Power Outages

    Jan 20 (Reuters) - A Russian air attack on Ukraine cut heating to half of Kyiv and impacted substations carrying critical power from the country's atomic plants on Tuesday, prompting Kyiv to warn that Moscow was using the risk of nuclear disaster as a tool of coercion.

    Nuclear Safety Concerns

    Moscow has stepped up a winter campaign against Ukraine's battered energy system while grinding forward on the battlefield, as Kyiv faces U.S. pressure to secure peace after nearly four years of war, amid scant signs the Kremlin wants to stop fighting.

    International Response and Peace Talks

    Russia's second major attack on the Ukrainian capital this month left 5,635 apartment buildings without heating, said the city's mayor Vitali Klitschko, amid a cold snap with temperatures as low as minus 15 Celsius (5 Fahrenheit).

    The United Nations' atomic watchdog said several substations critical for nuclear safety were affected by the attack, while power lines to some other nuclear plants were impacted. Ukraine gets well over half of its electricity from nuclear power.

    The Chornobyl plant, the site of the world's worst civil nuclear catastrophe, had also lost all off-site power on Tuesday morning, the International Atomic Energy Agency added. Kyiv later said the plant had been reconnected.

    Ukrainian officials had warned in recent days that Moscow would target nuclear-related facilities.

    "While Russian officials speak about the 'importance' of power lines, their forces deliberately strike substations, directly endangering nuclear safety," said Foreign Minister Andrii Sybiha.

    Grid operator Ukrenergo said Russia's attack, which Ukraine said had included more than 330 drones and nearly three dozen missiles, targeted both power generation and distribution.

    Authorities in the northern region of Chernihiv bordering Russia said 87% of the population was without power.

    Russia said it had attacked military-industrial, energy and transport targets in support of the army.

    NEW STRIKES FOLLOW PEACE TALKS

    Tuesday's strikes followed a new round of peace talks at the weekend between U.S. and Ukrainian officials in a U.S.-backed diplomatic push for which Russia has shown little enthusiasm.

    President Volodymyr Zelenskiy urged the U.S. to pile more pressure on Moscow, saying it had "not yet had the strength" to stop Russia.

    "Can America do more? It can, and we really want this, and we believe that the Americans are capable of doing this," he told reporters in a WhatsApp media chat.

    Writing earlier on X, Zelenskiy said some of the Russian missiles fired on Tuesday had been produced this year and called for tougher sanctions on Moscow to curb its military production.

    He said he was ready to travel to Davos, where world leaders are gathering for an annual economic forum, if Washington was ready to sign documents on security guarantees for Ukraine and a post-war prosperity plan.

    UKRAINE'S POWER GRID FURTHER DAMAGED

    Kyiv has suffered from severe power and heating outages from repeated Russian strikes, with repair crews working around the clock for more than a week to restore supplies.

    The cuts have forced residents to adapt amid plunging temperatures, bundling up inside their homes and improvising other ways to stay warm, such as heating bricks or pitching tents indoors.

    Energy provider DTEK said more than 335,000 residents had lost power, around half of which had been restored by late morning when temperatures hovered around minus 10 Celsius.

    Water supplies were disrupted on the left bank of the city of more than 3 million people, Klitschko said. Authorities said the Vinnytsia, Dnipro, Odesa, Zaporizhzhia, Poltava, Sumy and Rivne regions had also come under attack.

    Speaking in Davos on Tuesday, Economy Minister Oleksiy Sobolev said Russia had damaged around 8.5 gigawatts of power generation capacity since late October.

    In his comments to reporters, Zelenskiy said the cost to Ukraine of repelling Tuesday's strikes was around 80 million euros ($94 million), and urged Kyiv's partners to step up supplies of air defences.

    ($1 = 0.8516 euros)

    (Additional reporting by Anna Pruchnicka in Gdansk and Olena Harmash in Kyiv; Writing by Dan Peleschuk; editing by Daniel Flynn, Ros Russell and Gareth Jones)

    Key Takeaways

    • •Russian forces attacked Kyiv with drones and missiles.
    • •Power and water supplies in Kyiv were disrupted.
    • •A non-residential building was hit, injuring one person.
    • •Darkened high-rise buildings were reported on Telegram.
    • •Several cars were set ablaze in the attack.

    Frequently Asked Questions about Russian attack plunges Kyiv into cold, threatens nuclear-linked facilities

    1What is insurance?

    Insurance is a financial product that provides protection against financial loss or risk. It involves the transfer of risk from an individual or entity to an insurance company in exchange for premium payments.

    2What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops significantly. It can lead to widespread economic disruption, affecting banks, businesses, and individuals.

    3What is economic growth?

    Economic growth refers to an increase in the production of goods and services in an economy over a specific period. It is often measured by the rise in Gross Domestic Product (GDP).

    4What is risk management?

    Risk management is the process of identifying, assessing, and controlling threats to an organization's capital and earnings. It involves strategies to minimize potential losses.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for French justice opens Epstein-linked probe against former culture minister
    French justice opens Epstein-linked probe against former culture minister
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Suspected arson hits Italian rail network near Bologna, police say
    Suspected arson hits Italian rail network near Bologna, police say
    Image for Olympics-Protesters to rally in Milan denouncing impact of Winter Games
    Olympics-Protesters to rally in Milan denouncing impact of Winter Games
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia to interrogate two suspects over attempted killing of general, report says
    Russia to interrogate two suspects over attempted killing of general, report says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Ukraine backs Pope's call for Olympic truce in war with Russia
    Ukraine backs Pope's call for Olympic truce in war with Russia
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    View All Headlines Posts
    Previous Headlines PostAnalysis-As U.S. orders fade, Chinese salespeople face tough grind in new markets
    Next Headlines PostBritain needs 'AI stress tests' for financial services, lawmakers say