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Markets

Ukraine Strikes Major Russian Oil Refinery, Sparking Fire

Published 26 August 2026

Ukrainian forces struck a major Russian oil refinery overnight on August 26, sparking a fire at one of the country's most critical fuel production facilities, according to Ukraine's military. The attack on the NORSI refinery in Kstovo, Nizhny Novgorod Oblast, was part of a broader wave of strikes that President Volodymyr Zelensky said hit 16 targets across Russia in the past day. The General Staff of Ukraine's Armed Forces confirmed the strike on the Lukoil-owned refinery, stating that a fire broke out on the premises and the extent of the damage was being assessed.

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