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Oil Update: Russia-Ukraine War Targets Energy Infrastructure

March 22, 2024

Via: DailyFX

Over the past 24 hours, the escalating conflict between Russia and Ukraine has taken a significant toll on energy infrastructure in both countries. In Ukraine, a series of Russian missile strikes targeted critical energy facilities resulting in at least five deaths and hitting a large dam.

The recent escalation has caused widespread power outages and disruptions to the country’s energy grid and is reportedly in response to Ukraine’s attacks during the Russian presidential election. The attacks have exacerbated Ukraine’s already precarious energy situation, as the country struggles to maintain adequate supplies for domestic consumption and industrial operations.

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