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    Home > Top Stories > Ukraine’s Odesa douses fires after Russian Victory Day strikes
    Top Stories

    Ukraine’s Odesa douses fires after Russian Victory Day strikes

    Published by Wanda Rich

    Posted on May 10, 2022

    5 min read

    Last updated: February 7, 2026

    Emergency personnel work to extinguish fires in Odesa following Russian missile strikes on Victory Day. The attacks resulted in damage to infrastructure, highlighting ongoing tensions in the Ukraine crisis.
    Firefighters extinguish flames from a building in Odesa after Russian missile strikes - Global Banking & Finance Review
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    Tags:insurancefinancial crisiseconomic growthinvestmentfinancial services

    By Pavel Polityuk and Jonathan Landay

    KYIV/KHARKIV, Ukraine (Reuters) – Firefighters battled blazes in Odesa until early hours on Tuesday after Russian missiles pounded the Ukrainian port on the day President Vladimir Putin led celebrations in Moscow marking Soviet victory over Nazi Germany in World War Two.

    In a defiant Victory Day speech on Monday, Putin exhorted Russians to battle for their homeland, but was silent about plans for any escalation. In Ukraine, there was no let up in fighting, with Russian strikes on targets in the east and south and a renewed push by Kremlin’s forces to defeat the last Ukrainian troops holding out in a steelworks in ruined Mariupol.

    At least 100 civilians remained trapped in the plant, which remained under heavy Russian fire, an aide to Mariupol mayor said on Tuesday.

    Air raid sirens could be heard across several regions of Ukraine early on Tuesday including Luhansk, Kharkiv and Dnipro.

    Serhiy Gaidai, the governor of Luhansk, said the region was attacked 22 times in the past 24 hours.

    “During the day on May 9th, the Russians fired en masse on all possible routes out of the region.”

    In Moscow, during Monday’s annual parade – with the usual ballistic missiles and tanks rumbling across the cobblestones – Putin told Russians they were again fighting “Nazis”.

    “You are fighting for the Motherland, for its future, so that no one forgets the lessons of World War Two. So that there is no place in the world for executioners, castigators and Nazis,” Putin said.

    Ukraine’s President Volodymyr Zelenskiy, in his own speech on Monday, promised Ukrainians would triumph.

    “On the Day of Victory over Nazism, we are fighting for a new victory. The road to it is difficult, but we have no doubt that we will win,” said Zelenskiy.

    In Odesa, the major Black Sea port for exporting agricultural products, one person was killed and five people were injured when seven missiles hit a shopping centre and a depot, Ukraine’s armed forces said on Facebook.

    Video footage from the scene showed fire and rescue workers combing through piles of rubble dousing still smoking wreckage. Ukrainian emergency services said all the fires set off by the strikes were extinguished early on Tuesday.

    Ukraine and its allies have been trying to find a way to unblock ports or provide alternate routes for exporting its significant crops of grain, wheat and corn.

    European Council President Charles Michel visited Odesa on Monday, and his meeting with Ukrainian Prime Minister Denys Shmyhal was interrupted by the missile attack.

    Their talks continued in a bomb shelter, according to Shmyhal’s official Twitter account.

    In the town of Bogodukhov, northwest of Kharkiv, four people were killed and several homes were destroyed in Russian attacks on Monday, local media quoted Kharkiv officials as saying.

    Ukraine’s defence ministry said Russian forces backed by tanks and artillery were conducting “storming operations” at Mariupol’s Azovstal plant, where hundreds of Ukrainian defenders have held out through months of siege.

    Capturing Mariupol, located the Crimean Peninsula, seized by Russia in 2014, and parts of eastern Ukraine under the control of Moscow-backed separatists, would allow Russia to link the two areas.

    ‘REVISIONIST DISINFORMATION’

    The number of Ukrainians who have fled their country since Russia’s invasion on Feb. 24 was approaching 6 million, according to the United Nations, which has called the fastest-growing refugee crisis since World War Two.

    Moscow’s gains from the invasion, however, have been slow at best and it has little to show for it beyond a strip of territory in the south and marginal gains in the east.

    U.S. President Joe Biden said he was worried Putin “doesn’t have a way out right now, and I’m trying to figure out what we do about that”.

    Sources say U.S. Democratic lawmakers have agreed on a $40 billion aid proposal for Ukraine, including a massive new weapons package.

    The White House had earlier described Putin’s remarks during his Victory Day speech as “revisionist history that took the form of disinformation.”

    The Soviet victory in World War Two has acquired almost mythical status in Russia under Putin, who has invoked the memory of the “Great Patriotic War” throughout what he calls a “special military operation” in Ukraine.

    Western countries consider that a false analogy to justify unprovoked aggression.

    “There can be no victory day, only dishonour and surely defeat in Ukraine,” said British Defence Secretary Ben Wallace.

    In Poland, the Russian ambassador was surrounded by protesters at a memorial ceremony and doused in red paint. Ambassador Sergei Andreev, his face dripping and his shirt stained, said he was “proud of my country and my president”.

    Sheltering in a metro station in Kharkiv – Ukraine’s mainly Russian-speaking second city which has been bombed relentlessly since the war’s first days – Kateryna Grigoriyevna, 79, sat eating an ice cream she had ventured out to buy for Victory Day.

    “We hate Putin,” she said, glancing around the platform where some 200 people clustered in tents and on thin mattresses.

    “I would kill him myself if I could.”

    (Additional reporting by Oleksandr Kozhukhar in Lviv, Ronald Popeski in Winnipeg, Lidia Kelly in Melbourne and Reuters bureaus; Writing by Lincoln Feast and Tomasz Janowski; Editing by Himani Sarkar and Raissa Kasolowsky)

    Frequently Asked Questions about Ukraine’s Odesa douses fires after Russian Victory Day strikes

    1What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops rapidly, leading to a loss of confidence and often resulting in economic downturns.

    2What 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).

    3What is investment?

    Investment is the allocation of resources, usually money, in order to generate income or profit. It can take various forms, including stocks, bonds, real estate, and business ventures.

    4What are financial services?

    Financial services encompass a broad range of services provided by the finance industry, including banking, insurance, investment management, and financial planning.

    5What is insurance?

    Insurance is a financial product that provides protection against potential future losses or damages in exchange for regular premium payments.

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