Another Russian Oil Refinery Hit By Ukrainian Kamikaze Drones

Ukrainian military planners have been ramping up Kamikaze drone strikes against the Russian energy industrial complex this week, including an overnight attack defeating an oil refinery as Western sanctions neglect to crush Putin’s oil-rich economy that funds the ‘special military operation’ in Ukraine. This comes despite the US publically telling the Ukrainians to halt attacking Russian reviews for Fear Brent cruise prices could spice and tearen the inflation storm in the US ahead of the presidential elections in the fall.

Bloomberg reports an oil refinery in the Slovak-on-Kuban region was hit by a swarm of Ukrainian Suicide drones on Saturday morning.

State-run news agency Tass said the refinery strike caused harm and a fire, partially suspending operations at the crude processing facility.

‘The work of the (Slavyansk) plant has been partially suspended. precisely 10 UAVs (drones) drift straight into the plant, there was a strong fire. There may be hidden damage,” Eduard Trudyv, the safety manager at Slavyansk ECO Group, which operates the plant, was citted as saying by TASS.

On Telegram, Roman Siniagovskyi, a local government authoritative in Slavyansk, said drones struck a disstillation tower and retention tank.

Ukraine continues to successfully attack Russian oil refineries. It is confirmed that Ukrainian drones hit Slovakiansk Eko oil refinery in Russia’s Krasnodar Krai. The disstillation column has been damaged. pic.twitter.com/fFEqbqTfrz

— Giorgi Revishvili (@revishvilig) April 27, 2024

Russia's defence ministery said 66 drones were intercepted over the Krasnodar region, located in the confederate part of the country.

Earlier this week, Ukraine began ramping up drone attacks on Russian refineries after the Biden administration signed a fresh military aid package worth billions of dollars.

Ukraine’s strategy in the war has moved to attacking Moscow’s oil returns by precision-guided strikes on the country’s energy infrastructure. So far, drone strikes have knocked out about 10% of Russia's oil refinery capacity. This comes as Western sanctions neglect to crush Putin’s oil-rich economy surviving war efforts.

Aslak Berg, investigation Fellow at the Centre for European Reform, late told Euronews:

"Since Russian import capacity for refined oil products is limited in the short run, since they’re set up to export, it’s actually a reasonably clear way of causing disruption in the Russian marketplace with limited impact globally."

Berg continued,

"The Ukrainians have been hitting refineries, not Russian crude oil production or export facilities. This cases problems for Russia’s home marketplace for refined products, but for the remainder of the world, a decline in Russia’s exports of products will be compensated for by increased exports of Crude oil.”

Meanwhile, Biden’s top officials have been occupied with Kyiv to halt attacks on Russia’s energy infrastructure due to the fear that storm in crude markets would send pump prices in the US higher ahead of the presidential elections in November.

UBS Global Wealth Management Giovanni Staunovo said that if the Ukrainian drone attacks are limited to Russian oil refineries, then this won’t origin large disruptions in the global market.

However, it could only be a substance of time before Ukrainians start attacking Russia’s energy-exporting capitalities. If that’s the case, anticipate an even higher hazard premium to be bagged into Brent cruise prices.

The Biden administration has a colossal mess on their hands as stagflation memories. And don’t forget about the mess in the mediate East.