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    Ukraine targets Russian oil facility in drone strike over St Petersburg

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    By Latest News Editor on June 4, 2026 World News
    Ukraine targets Russian oil facility in drone strike over St Petersburg
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    Get you up to speed: Ukraine strikes Russian oil refinery on first day of ‘Putin’s Davos’ | News World

    A drone strike launched by Ukraine targeted infrastructure in three districts of St Petersburg overnight, as confirmed by the city’s governor, Alexander Beglov. Several people were injured, but there were no fatalities, and clean-up efforts are currently underway.

    Clean-up efforts are currently underway in St Petersburg following the drone strike, with several injuries reported but no fatalities confirmed. The St Petersburg International Economic Forum, attended by President Vladimir Putin, commenced today, attracting around 10,000 participants from 120 countries.

    St Petersburg Governor Alexander Beglov confirmed that clean-up efforts are underway following the overnight drone strikes, which injured several individuals but resulted in no fatalities. In response to the attack, President Volodymyr Zelensky reinforced Ukraine’s commitment to long-range sanctions and called on allies for increased sanctions to diminish Russia’s military production capabilities.

    What remains unclear — The extent of the damage to the infrastructure objects and military targets struck in St Petersburg during the drone attack is not detailed.

    Ukraine targets Russian oil facility in drone strike over St Petersburg

    The people of St Petersburg woke up to see a plume of smoke rising over the city after Ukraine launched a drone strike overnight.

    The city’s governor, Alexander Beglov, said ‘infrastructure objects’ in three districts of the city had been hit on Wednesday.

    Meanwhile Ukrainian President Volodymyr Zelensky said the drones had struck several ‘military targets’, including the Petersburg Oil Terminal ‘which serves the war’ and ‘an enterprise in the Tambov region involved in the production of Russian weapons’.

    In a post to X, he said: ‘Important facilities on Russian territory were hit last night.

    ‘I thank our warriors for their precision. Ukraine’s plan for long-range sanctions is being implemented exactly as needed to bring peace closer. Glory to Ukraine!’

    Ukraine targets Russian oil facility in drone strike over St Petersburg
    Smoke rises over St Petersburg in the early hours of Wednesday (Picture: AP Photo/undefined)

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    A plume of black smoke is seen over the port of St. Petersburg, Russia, Wednesday, June 3, 2026, after a Ukrainian drone attack. (AP Photo)
    There were no fatalities as a result of the strike (Picture: AP Photo/undefined)

    Beglov confirmed in a post on Telegram that clean-up efforts are underway and that several people had been injured, but there were no fatalities as a result of last night’s strike.

    The attack comes ahead of what was meant to be a big day for the city for very different reasons. Russia’s annual economic forum begins today, which Russian president Vladimir Putin will attend.

    The St Petersburg International Economic Forum (SPIEF) has been held annually since 1997, and under the auspices of the Russian president since 2006.

    Plumes of black smoke are seen over St.Petersburg, Russia, Wednesday, June 3, 2026, after a Ukrainian drone attack. (AP Photo)
    Black smoke loomed over the city this morning (Picture: AP Photo/undefined)

    The event attracts around 10,000 attendees from 120 countries from across the business sector, earning it comparisons with the annual World Economic Forum (WEF) in Davos, Switzerland.

    Its website describes it as ‘one of the largest and most significant business events in the world’.

    The strikes came a day after Russia unleashed its own latest spate of drone and missile attacks on Ukrainian cities including Kyiv. 

    At least 23 people were killed and 138 were injured, authorities said on Tuesday.

    Zelensky warned in his daily address that the Kremlin is already planning its next strike and called on Ukraine’s allies to introduce harsher sanctions on Russia to undercut its ability to produce weapons and missiles.

    But even without these increased sanctions, Putin’s own officials have reportedly warned him that he is running out of money.

    Finance minister Anton Siluanov has reportedly estimated that Russia would overspend on its war budget by at least £20.8billion this year, as per documents seen by the Financial Times.

    Russia’s central bank and other leading finance experts in the country are understood to have urged the despot to rein in defence spending as the bill becomes ‘unsustainable’.

    The Kremlin boss is said to have told financial leaders to save elsewhere so he can continue to fund his costly war.

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