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    Home > Headlines > Russian strike on Ukraine's Kharkiv kills two, injures 25, Moscow denies attack took place
    Headlines

    Russian strike on Ukraine's Kharkiv kills two, injures 25, Moscow denies attack took place

    Published by Global Banking & Finance Review®

    Posted on January 2, 2026

    3 min read

    Last updated: January 20, 2026

    Russian strike on Ukraine's Kharkiv kills two, injures 25, Moscow denies attack took place - Headlines news and analysis from Global Banking & Finance Review
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    Tags:insurancefinancial crisisrisk managementfinancial stabilityeconomic growth

    Quick Summary

    Russian missiles hit Kharkiv, killing two and injuring 25. Russia denies the attack, suggesting an explosion was due to Ukrainian ammunition.

    Russian Missile Strike on Kharkiv: Two Dead, 25 Injured

    KYIV, Jan 2 (Reuters) - Russian missiles struck a multi-storey apartment building in Kharkiv in northeastern Ukraine on Friday, leaving the building in ruins and killing at least two people and injuring about 25 more, officials said.

    Russia denied the attack had taken place, suggesting that an explosion at the site was caused by Ukrainian ammunition.

    Photographs and videos posted online showed smoke rising from an area of destruction, with emergency crews making their way through rubble and large chunks of building materials.

    Regional Governor Oleh Syniehubov, writing on Telegram, said that according to preliminary information the bodies of a woman and her son were found under rubble.

    Speaking earlier on Ukrainian television, Syniehubov said two ballistic missiles had struck the area and "nearly destroyed a five-storey dwelling".

    "Rescue teams are on site," he said. "They are primarily clearing rubble and searching for people underneath."

    Ukraine's state Emergency Services said it was deploying find people it believed were still trapped under the ruins of the building.

    Syniehubov earlier said 25 people were injured, with 16 in hospital, including a woman in serious condition. He said customers may have been at shops and a cafe on the building's first floor when the explosion occurred.

    Russia's Defence Ministry, writing on Telegram, said reports of an attack were untrue and suggested the blast at the site had been caused by the detonation of Ukrainian ammunition.

    "Published video footage seconds before the explosion shows thick smoke of unknown origin which, to a high probability, would indicate that a detonation of stored Ukrainian military ammunition occurred at the 'Persona' shopping centre," it said.

    The ministry said the reports sought to distract world attention from a New Year's Eve strike, which it blamed on Ukraine, on a hotel in a Russian-held part of Kherson region in southern Ukraine. Ukraine responded by saying its strikes were aimed at Russian military and energy targets.

    The area's Russia-installed governor, Vladimir Saldo, told TASS news agency on Friday that the death toll in that incident had risen to 28.

    Located 30 km (18 miles) from the border, Kharkiv withstood Russian advances in the early weeks of Russia's February 2022 invasion of its smaller neighbour.

    With Russia's forces focused since on capturing eastern regions of the country, the city has been a frequent target of aerial attacks.

    (Reporting by Pavel Polityuk; Editing by Ron Popeski, Gareth Jones and Alistair Bell)

    Key Takeaways

    • •Russian missiles struck an apartment building in Kharkiv.
    • •At least two people were killed and 25 injured.
    • •Russia denies the attack, blaming Ukrainian ammunition.
    • •Emergency crews are searching for survivors in the rubble.
    • •Kharkiv has been a frequent target since the invasion.

    Frequently Asked Questions about Russian strike on Ukraine's Kharkiv kills two, injures 25, Moscow denies attack took place

    1What is a financial crisis?

    A financial crisis is a situation where financial assets suddenly lose a large part of their nominal value. It often leads to a decline in economic activity and can result in bank failures and loss of savings.

    2What is risk management?

    Risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

    3What is economic growth?

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

    4What is financial stability?

    Financial stability is a condition where the financial system operates effectively and efficiently, allowing for the smooth functioning of financial markets and institutions without significant disruptions.

    5What is insurance?

    Insurance is a financial arrangement 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.

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