Published by Global Banking and Finance Review
Posted on December 15, 2025
1 min readLast updated: January 20, 2026
Ukraine's drones hit a Russian oil platform in the Caspian Sea for the third time, halting production at the Korchagin rig.
KYIV, Dec 15 (Reuters) - Ukrainian long-range drones struck a Russian oil production platform in the Caspian Sea for the third time in a week, a security source told Reuters on Monday.
The latest attack involved the Korchagin oil rig, which Ukrainian forces struck last week, the source said, adding that production had been halted.
(Reporting by Dan Peleschuk; Editing by Sharon Singleton)
An oil production platform is a large structure used to extract oil and gas from beneath the sea. These platforms are equipped with drilling equipment and facilities to process the extracted resources.
Risk management involves identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events in business.
A security source typically refers to an individual or organization that provides information regarding security matters, often related to threats or incidents affecting safety and stability.
A financial market is a marketplace where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives, facilitating capital allocation and investment.
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