Politics1 hr ago

Zelenskyy Says Ukraine Destroyed Key Assets at Russia’s Primorsk Oil Port

Ukraine says it hit key vessels at Russia's Primorsk oil port; Kremlin warns oil prices could rise above $120 a barrel.

Nadia Okafor/3 min/US

Political Correspondent

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Smoke rises over the skyline in a town with several apartment blocks. The sky is pink and orange.

Smoke rises over the skyline in a town with several apartment blocks. The sky is pink and orange.

Source: BbcOriginal source

Ukraine reports a successful attack on Russia’s Primorsk oil export hub, damaging a missile ship, a patrol boat and a shadow‑fleet tanker; the Kremlin warns that reduced Russian exports could lift global oil prices above $120 a barrel.

Context Ukraine and Russia have intensified drone and missile strikes on each other’s critical infrastructure. On Sunday, Ukrainian forces targeted Primorsk, a Baltic Sea port that handles up to one million barrels of oil daily, making it one of Russia’s most vital export points.

Key Facts President Volodymyr Zelenskyy announced that Ukrainian forces hit the Russian missile ship *Karakurt*, a patrol boat and a tanker belonging to the shadow oil fleet—vessels used to evade sanctions. He added that the port’s loading infrastructure suffered significant damage. No oil spill was reported, and a fire in the nearby town was extinguished.

Kremlin spokesman Dmitry Peskov responded that cutting Russian oil shipments could push world crude prices beyond $120 per barrel. He argued that higher prices would offset lower export volumes, boosting revenue for Russian companies and the state.

The attack follows a series of recent strikes on Russian energy sites, part of Kyiv’s broader strategy to impair Moscow’s war‑financing capabilities. Russian officials also reported multiple drone interceptions across other regions, with civilian casualties in several localities.

What It Means Disrupting Primorsk reduces Russia’s ability to move a substantial share of its oil, potentially tightening global supply and supporting higher prices. If the Kremlin’s warning materializes, oil‑importing nations could face cost pressures, while Russia may benefit financially despite reduced volumes. The next weeks will reveal whether Ukraine can sustain pressure on Russian energy nodes and how markets react to any further price spikes.

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