Ukrainian drones strike oil terminal in St Petersburg as Putin's 'Davos' gets under way - Headlines news and analysis from Global Banking & Finance Review
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Ukrainian drones strike oil terminal in St Petersburg as Putin's 'Davos' gets under way

Published by Global Banking & Finance Review

Posted on June 3, 2026

2 min read

· Last updated: June 3, 2026

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Ukrainian Drones Hit St Petersburg Oil Terminal as Putin’s Economic Forum Begins

Ukrainian Drone Attack and Its Impact on St Petersburg

Details of the Attack

ST PETERSBURG, Russia, June 3 (Reuters) - Ukraine struck an oil export terminal in St Petersburg hours before President Vladimir Putin's annual economic forum got under way in an attempt to embarrass the Kremlin chief and show how vulnerable Russia's big cities are.

The attack on St Petersburg, Putin's home city, and the location of his own 'Davos' - a showcase economic forum designed to attract foreign investment and show Russia at its best, comes as both sides dial up strikes on each other in the more than four-year-old war with no imminent end in sight.

Immediate Aftermath and Response

A plume of smoke was visible from the historic city centre where an oil export terminal had been hit and Reuters correspondents reported hearing loud explosions on Wednesday morning.

Ukrainian and Russian Official Statements

Ukrainian President Volodymyr Zelenskiy confirmed his drones had struck the fuel terminal and said they had also targeted a military facility near what is Russia's second city.

Alexander Beglov, the governor of St Petersburg, said that unspecified "infrastructure objects" had been hit in three different districts of the city. Alexander Drozdenko, governor of the wider Leningrad region, said air defences had shot down 59 drones overnight.

Disruption to Air Travel

The city's Pulkovo airport had to temporarily restrict flights, Russia's aviation watchdog said, and more than 30 flights were delayed or cancelled, local news outlets said. 

Reporting and Editorial Credits

(Reporting by ReutersWriting by Maxim Rodionov/Andrew Osborn Editing by Andrew Osborn)

Key Takeaways

  • Ukraine executed a long‑range drone strike on an oil export terminal in St. Petersburg early June 3, damaging energy infrastructure in Putin’s hometown as the SPIEF forum began. (internazionale.it)
  • The attack forced Pulkovo airport to restrict flights, disrupted more than 30 departures or arrivals, and was confirmed by both Ukrainian and regional Russian officials. (devdiscourse.com)
  • This strike fits within a broader Ukrainian campaign targeting Russian oil infrastructure across vast distances to erode export capacity and expose gaps in Russia’s air defenses. (lemonde.fr)

References

Frequently Asked Questions

What facility was targeted by Ukrainian drones in St Petersburg?
Ukrainian drones struck an oil export terminal in St Petersburg, Russia.
Why is the St Petersburg attack significant?
The strike occurred hours before Putin's major economic forum, aiming to embarrass the Kremlin and expose vulnerabilities.
What was the impact of the drone attack on St Petersburg airports?
Pulkovo airport temporarily restricted flights, causing over 30 delays or cancellations.
How did Russian authorities respond to the attack?
Air defences reportedly shot down 59 drones, with some hitting infrastructure in three city districts.
Who confirmed Ukraine's responsibility for the strikes?
Ukrainian President Volodymyr Zelenskiy confirmed the drone strikes on the fuel terminal and a military facility.

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