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    Home»Money»Ukraine Won’t Stop Targeting Russia’s Oil Refineries and Will Defy US
    Money

    Ukraine Won’t Stop Targeting Russia’s Oil Refineries and Will Defy US

    Press RoomBy Press RoomMarch 22, 2024No Comments3 Mins Read
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    • The US has urged Ukraine not to strike Russian oil refineries, fearing it could drive up prices and prompt retaliation, reports say.
    • Ukraine responded that it won’t stop these attacks, calling the refineries legitimate military targets.
    • Ukraine has ramped up its attacks in recent months, targeting Russia’s energy infrastructure.

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    Ukraine says it will target Russian oil refineries if it wants to, calling them legitimate military targets, after the US reportedly urged it not to over concerns about rising oil prices and the potential for retaliation.

    Ukraine has ramped up its attacks on Russia’s energy infrastructure in recent months, conducting long-range drone strikes on some of its biggest oil refineries. The consequences have included decreased production, rising prices, and damage to military industrial capacity.

    Now, as the Financial Times reported on Friday, the US is urging Ukraine to avoid targeting these facilities, with officials in Washington raising concerns that continued attacks will drive up global oil prices, which would reflect poorly on the Biden administration just before the 2024 election.

    The US also reportedly expressed concerns that the strikes on the key Russian industry might provoke retaliation from Russia against energy facilities that Western nations rely on.


    Firefighters extinguish oil tanks at a storage facility that local authorities say caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia January 19, 2024.

    Firefighters extinguish oil tanks at a storage facility that local authorities say caught fire after the military brought down a Ukrainian drone, in the town of Klintsy in the Bryansk Region, Russia January 19, 2024.

    Russian Emergencies Ministry/Reuters



    Shortly after the Financial Times report, a Ukrainian government official responded publicly, saying that Ukraine would continue to strike oil refineries.

    According to Deputy Prime Minister for European and Euro-Atlantic Integration Olga Stefanishyna, officials in Kyiv believe that the refineries are “absolutely legitimate targets from a military point of view.”

    “We understand the calls of our American partners,” she said. “At the same time, we are fighting with the capabilities, resources and practices that we have.”


    ukraine war

    Ukrainian soldiers fire D-30 artillery on the frontline in the direction of Bakhmut in Donetsk Oblast, Ukraine on August 14, 2023.

    Diego Herrera Carcedo/Anadolu Agency via Getty Images



    Russia has not shied away from conducting strikes on Ukraine’s energy infrastructure since the beginning of the full-scale invasion in 2022.

    Just Friday, Russian forces unleashed a massive attack consisting of drones and missiles, the largest since the war began, that cut electricity and power to multiple cities and urban centers. The strike also included an attack on the Dnipro Hydroelectric Station.

    Ukraine’s recent strikes against Russia’s energy infrastructure have been quite effective. More than 10 major refineries and depots have been damaged, and oil prices have spiked in recent weeks. A large attack just last week hit multiple refineries, causing massive damage.

    The strategy, a Ukrainian official said at the time, was “to deprive the enemy of resources and reduce the flow of oil money and fuel.” These attacks threaten a key economic lifeline for Russia, as well as a critical war resource.

    At an energy conference earlier this week, Gunvor Group CEO Torbjörn Törnqvist said that about 600,000 barrels of Russia’s daily oil-refining capacity had been affected by Ukraine’s drone strikes.

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