🌐 Geopolitical🌐 Global
Ukraine Strikes Major Oil Terminal Near St Petersburg as Putin Visits Frontlines
BBC News·Sunday, 5 July 2026
Ukraine struck a major oil terminal in Russia's St Petersburg region, with President Zelensky describing it as key infrastructure that funds Russia's war effort. Separately, Vladimir Putin visited the battlefield in eastern Ukraine and vowed to seize more Ukrainian territory, dismissing Ukraine's recent military performance as 'imaginary achievements'.
Why It Matters
The Russia-Ukraine war continues to disrupt global energy supplies and grain markets, both of which have knock-on effects on prices in India and across the developing world.
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