Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure. Global Banking & Finance Review® operates a Digital-First Banking Awards Program and framework — an industry-first digital only recognition model built for the modern financial era, delivering continuous, transparent, and data-driven evaluation of institutional performance.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Finance
    3. >Ukrainian drones hit oil depot in Russia's Pskov region, Kyiv says
    Finance

    Ukrainian drones hit oil depot in Russia's Pskov region, Kyiv says

    Published by Global Banking & Finance Review®

    Posted on February 19, 2026

    1 min read

    Last updated: February 19, 2026

    Image depicting the founders of The Entertainer, Gary and Catherine Grant, announcing the transition of their toy retailer to employee ownership, emphasizing the significance of this move in the finance sector.
    Founders of The Entertainer toy chain hand over control to workers - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Ukraine’s SBU says drones struck an oil depot in Russia’s Pskov region, sparking a fire in Velikiye Luki. The strike aims to pressure Russian logistics and underscores risks to energy infrastructure watched by markets.

    Kyiv: Pskov oil depot hit by drones, fire erupts in Velikiye Luki

    KYIV, Feb 19 (Reuters) - Ukrainian drones hit a Russian oil depot in the western region of Pskov, causing explosions and a fire, an official from Ukraine's SBU security service said on Thursday.

    "The destruction of oil depots directly affects the enemy's ability to conduct combat operations, advance and move staff reserves. Such operations are part of a systematic weakening of Russia's military potential," the official told Reuters.

    (Reporting by Tom BalmforthWriting by Olena HarmashEditing by David Goodman)

    Key Takeaways

    • •Ukraine’s SBU says drones hit an oil depot in Pskov’s Velikiye Luki, triggering explosions and a fire.
    • •Kyiv frames the strike as degrading Russia’s military logistics and fuel supply.
    • •Russian officials reported dozens of drones downed overnight; the regional governor confirmed a tank fire.
    • •No casualties were immediately reported while responders contained the blaze.
    • •The incident highlights ongoing risks to Russian energy infrastructure and potential market implications.

    Frequently Asked Questions about Ukrainian drones hit oil depot in Russia's Pskov region, Kyiv says

    1What is the main topic?

    Ukraine’s SBU says its drones struck an oil depot in Russia’s Pskov region, igniting a fire in the city of Velikiye Luki. Kyiv frames the strike as part of efforts to weaken Russia’s military logistics.

    2Why is this relevant to finance and energy markets?

    Attacks on Russian oil infrastructure can disrupt supply chains, elevate geopolitical risk premia, and influence crude and refined product prices, refining margins, and freight flows.

    3Were there casualties or major disruptions reported?

    Initial reports indicated a fire at a fuel tank and no immediate casualties. Authorities said the blaze was contained, with assessments of damage and operational impact ongoing.

    4How does this fit into Ukraine’s broader strategy?

    Ukraine has used long-range drones to target energy and military sites inside Russia to strain logistics, reduce fuel availability for the military, and increase economic costs.

    More from Finance

    Explore more articles in the Finance category

    Image for Russia's oil and gas revenue seen halving y/y in February
    Russia's oil and gas revenue seen halving y/y in February
    Image for Sweden pledges new military aid package worth $1.42 billion to Ukraine
    Sweden pledges new military aid package worth $1.42 billion to Ukraine
    Image for Nigeria's Tinubu, Germany's Merz talk security, power deal in phone call
    Nigeria's Tinubu, Germany's Merz talk security, power deal in phone call
    Image for Nuveen's takeover of Schroders undervalues asset manager, top 25 shareholder says
    Nuveen's takeover of Schroders undervalues asset manager, top 25 shareholder says
    Image for European corporate outlook brightens as results defy worst fears
    European corporate outlook brightens as results defy worst fears
    Image for Turkey says Greece-Chevron activity off Crete unlawful
    Turkey says Greece-Chevron activity off Crete unlawful
    Image for Sterling steadies after three-day fall as investors pause following dovish data
    Sterling steadies after three-day fall as investors pause following dovish data
    Image for Italian state broadcaster's sports boss quits after Olympic commentary backlash
    Italian state broadcaster's sports boss quits after Olympic commentary backlash
    Image for BoE's Mann welcomes inflation data, wants improvement in underlying figures
    BoE's Mann welcomes inflation data, wants improvement in underlying figures
    Image for UK stats office to cut some reports to focus on improving core data
    UK stats office to cut some reports to focus on improving core data
    Image for Currently no plans to buy additional F-35 jets, Berlin says
    Currently no plans to buy additional F-35 jets, Berlin says
    Image for Hungary considers cutting power, gas exports to Ukraine in Russian oil row
    Hungary considers cutting power, gas exports to Ukraine in Russian oil row
    View All Finance Posts
    Previous Finance PostExclusive-ECB's Lagarde hints her exit is not imminent in message to colleagues
    Next Finance PostFrench tax hikes tapped out, spending cuts inevitable, says audit office