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
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    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.

    1. Home
    2. >Finance
    3. >Russian strikes on Ukraine kill four, knock out heat and power
    Finance

    Russian Strikes on Ukraine Kill Four, Knock Out Heat and Power

    Published by Global Banking & Finance Review®

    Posted on January 12, 2026

    3 min read

    Last updated: January 19, 2026

    Add as preferred source on Google
    The image shows the aftermath of an Israeli airstrike in Gaza that claimed the lives of Al Jazeera journalists, including Anas Al Sharif. This tragic event highlights the ongoing conflict and its impact on press freedom.
    Scene depicting the aftermath of an Israeli airstrike that killed Al Jazeera journalists in Gaza - 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 crisisinternational organizationsemerging marketseconomic growth

    Quick Summary

    Russian strikes on Ukraine kill four and cause power outages, impacting energy infrastructure and leaving millions in the cold.

    Russian Missile Strikes on Ukraine Result in Fatalities and Power Outages

    Overview of Recent Russian Attacks

    By Pavel Polityuk and Olena Harmash

    Impact on Energy Infrastructure

    KYIV, Jan 13 (Reuters) - Russia struck cities across Ukraine with missiles and drones overnight in one of its biggest attacks of the New Year so far, killing at least four people and knocking out heat and power, exposing millions to dangerous winter cold.

    Casualties and Damage Reports

    President Volodymyr Zelenskiy said Russia had launched nearly 300 drones, 18 ballistic missiles, and seven cruise missiles during overnight attacks on eight Ukrainian regions.

    Responses from Ukrainian Officials

    The main targets were energy-generation facilities and substations, Zelenskiy said in a post on the Telegram app.

    "Every such strike against life is a reminder that support for Ukraine cannot be stopped. Missiles for air defence systems are needed every day, and especially during winter."

    Ukrainian air defence units shot down 247 drones and seven missiles, the air force said. It also said on the Telegram app that missiles and drones caused damage at 24 sites.

    Emergency power cuts were introduced in the capital Kyiv and also in the Chernihiv, Odesa, Kharkiv, Dnipropetrovsk, Zaporizhzhia and Donetsk regions, the Energy Ministry said.

    DTEK, the country's largest private energy company, said the Russian attack heavily damaged equipment at one of its thermal power plants.

    ELECTRICITY CUTS OFF IN FREEZING TEMPERATURES

    Russia has relentlessly targeted Ukraine's energy system throughout the conflict, claiming attacks on civil infrastructure are justified to impair Ukraine's war effort. Kyiv says Moscow's aim is to inflict suffering to break the national will.

    Ukrainian officials say the war's fourth winter is shaping up to be the coldest and darkest yet, with Russian strikes intensified, years of cumulative damage taking a toll and the weather dangerously cold even for Ukraine's climate.

    Temperatures are hovering at about -13 Celsius (9 F) in Kyiv where residents have endured days with interrupted electricity and heating supplies after the last big Russian strike last week.

    Weeks before the fourth anniversary of Russia's full-scale invasion, diplomatic efforts to end the war have brought no tangible results and Russian troops are slowly advancing in Ukraine's eastern Donetsk region in costly battles.

    Russia's Defence Ministry said that its troops carried out a massive strike targeting military-industrial facilities in Ukraine.

    In the city of Kharkiv, 30 km (18 miles) from the border with Russia and a frequent target, four people were killed during the attacks when a postal terminal was hit by several missiles and drones, said regional governor Oleh Syniehubov.

    "We faced a mass Shahed and missile attack," said Syniehubov, referring to Iranian-designed drones. "More than 30 people were wounded. Four people were killed on site."

    In the southern port city of Odesa, at least five people were injured as a result of the overnight Russian attack, the emergency service said. It reported fires at an unused new building, a fitness centre and a vocational school.

    Two people were injured as a result of a Russian attack on the industrial city of Kryvyi Rih in central Ukraine which damaged civilian infrastructure, homes and gas pipelines, the region's governor said.

    (Additional reporting by Lidia Kelly, Alexandar Vasovic; Editing by Peter Graff)

    Table of Contents

    • Overview of Recent Russian Attacks
    • Impact on Energy Infrastructure
    • Casualties and Damage Reports
    • Responses from Ukrainian Officials

    Key Takeaways

    • •Russian strikes on Ukraine result in four deaths.
    • •Energy infrastructure severely impacted.
    • •Emergency power cuts in multiple regions.
    • •Ukraine's coldest winter due to ongoing conflict.
    • •Diplomatic efforts show no progress.

    Frequently Asked Questions about Russian strikes on Ukraine kill four, knock out heat and power

    1What is a financial crisis?

    A financial crisis is a situation where financial assets suddenly lose a large part of their nominal value. It can lead to a loss of confidence in financial institutions and markets, often resulting in economic downturns.

    2
    What 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 business to an insurance company in exchange for premium payments.

    3What are emerging markets?

    Emerging markets are economies that are in the process of rapid growth and industrialization. They often have lower income levels compared to developed countries but show potential for significant economic development.

    4What are international organizations?

    International organizations are entities established by multiple countries to promote cooperation and address global issues. Examples include the United Nations, World Bank, and International Monetary Fund.

    5What is economic growth?

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

    More from Finance

    Explore more articles in the Finance category

    Image for Shipbuilder Fincantieri's profit soars 150%, confirms 2026 targets
    Shipbuilder Fincantieri's Profit Soars 150%, Confirms 2026 Targets
    Image for Telecom Italia weighs early exit from INWIT contract, sources say
    Telecom Italia Weighs Early Exit From Inwit Contract, Sources Say
    Image for Libya's coast guards tow damaged Russian LNG tanker away from its shores
    Libya's Coast Guards Tow Damaged Russian Lng Tanker Away From Its Shores
    Image for UK supermarket Morrisons sales growth improves, alert to impact of Iran war
    UK Supermarket Morrisons Sales Growth Improves, Alert to Impact of Iran War
    Image for Germany unveils climate plan to cut emissions, fossil fuels
    Germany Unveils Climate Plan to Cut Emissions, Fossil Fuels
    Image for Sterling steady as traders remain cautious about efforts to end Iran war
    Sterling Steady as Traders Remain Cautious About Efforts to End Iran War
    Image for Dutch gas storage levels hit lowest level in years
    Dutch Gas Storage Levels Hit Lowest Level in Years
    Image for London's FTSE 100 climbs on prospects of Middle East ceasefire 
    London's FTSE 100 Climbs on Prospects of Middle East Ceasefire 
    Image for Analysis-Ukraine faces new Russian offensive as peace talks stall
    Analysis-Ukraine Faces New Russian Offensive as Peace Talks Stall
    Image for German army eyes AI tools to expedite wartime decision-making
    German Army Eyes AI Tools to Expedite Wartime Decision-Making
    Image for Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
    Hungary to Curb Gas Flows to Ukraine Until Druzhba Oil Flows Resume, Orban Says
    Image for NatWest to sell HR consultancy unit Mentor in streamlining push, Sky News reports
    NatWest to Sell HR Consultancy Unit Mentor in Streamlining Push, Sky News Reports
    View All Finance Posts
    Previous Finance PostUK Consumers Cut Spending in December by Most Since 2021, Barclays Says
    Next Finance PostPfizer CEO Plans for Soaring Consumer Market for Obesity Drugs Akin to Viagra