Published by Global Banking and Finance Review
Posted on December 12, 2025
2 min readLast updated: January 20, 2026

Published by Global Banking and Finance Review
Posted on December 12, 2025
2 min readLast updated: January 20, 2026

Ukraine's drones hit Russian oil rigs in the Caspian Sea, targeting Lukoil's operations to disrupt Moscow's war financing.
KYIV, Dec 12 (Reuters) - Ukrainian drones struck two Russian oil rigs in the Caspian Sea, an official in the Security Service of Ukraine (SBU) said on Friday.
The source said SBU drones hit the Filanovsky and Korchagin oil rigs, which both belong to Russia’s Lukoil.
The Filanovsky rig - part of Russia's largest Caspian oil field - came under attack earlier this week. It was the first such attack during the war as Ukraine steps up its campaign to disrupt Russian oil and gas output.
According to preliminary information, drones damaged critical equipment on both platforms and suspended production, the source added.
Reuters could not immediately verify the report. Reuters has contacted Lukoil for comment.
It was unclear where Ukraine launched the attack from - the Caspian Sea is more than 700 km (435 miles) from the country's nearest border.
Kyiv has conducted numerous drone strikes on Russian oil facilities this year in an effort to undermine Moscow's ability to finance its war in Ukraine.
The strikes have particularly targeted oil refineries, many of which are situated in the European part of Russia.
Ukraine widened its campaign last month by targeting unregulated tankers transporting Russian oil through the Black Sea. Three such vessels have been hit by Ukrainian sea drones in the last two weeks.
(Reporting by Tom Balmforth, writing by Yuliia Dysa; Editing by Kirsten Donovan)
A drone strike is an attack carried out by unmanned aerial vehicles (UAVs) that can deliver weapons to specific targets, often used in military operations.
Oil infrastructure refers to the facilities and systems involved in the extraction, refining, transportation, and distribution of oil, including rigs, pipelines, and refineries.
The Caspian Sea is the largest enclosed inland body of water on Earth, bordered by five countries: Russia, Kazakhstan, Turkmenistan, Iran, and Azerbaijan, and is rich in oil and gas resources.
Lukoil is a major Russian multinational energy corporation engaged in the extraction, production, and sale of oil and gas, operating both domestically and internationally.
Critical equipment in oil production includes machinery and technology essential for extracting, processing, and transporting oil, such as drilling rigs, pumps, and compressors.
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