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    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.
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    Global Banking and 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.

    Headlines

    Ukrainian military says it struck refinery in Russia's Nizhny Novgorod

    Published by Global Banking and Finance Review

    Posted on November 4, 2025

    Featured image for article about Headlines

    (Reuters) -Ukraine's military said on Tuesday it struck an oil refinery in Russia's Nizhny Novgorod region east of Moscow.

    The General Staff of Ukraine's armed forces, in a post on Telegram, said the military had hit the Lukoil refinery in the town of Kstovo. It said the facility provided supplies for the Russian military.

    The extent of the damage was being assessed, it said.

    There was no official Russian acknowledgement of the attack, but the governor of Nizhny Novgorod region, Gleb Nikitin, said Russian air defence units had repelled an attack by 20 drones near Kstovo.

    The Ukrainian General Staff also said Ukrainian drones had caused "considerable damage" at a petrochemical plant in Bashkortostan in central Russia.

    Regional authorities in Bashkortostan, about 1,500 km (930 miles) from the Ukrainian border, said Ukrainian drones had damaged the Sterlitamak petrochemical plant, but it was still operating.

    (Reporting by Reuters; Editing by Cynthia Osterman)

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