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Ukrainian drones hit oil depot in Russia's Pskov region, Kyiv says

Published by Global Banking & Finance Review

Posted on February 19, 2026

1 min read

· Last updated: April 3, 2026

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KYIV, Feb 19 (Reuters) - Ukrainian drones hit a Russian oil depot in the western region of Pskov, causing explosions and a fire, an official from Ukraine's SBU security service said on Thursday. "The

Kyiv: Pskov oil depot hit by drones, fire erupts in Velikiye Luki

KYIV, Feb 19 (Reuters) - Ukrainian drones hit a Russian oil depot in the western region of Pskov, causing explosions and a fire, an official from Ukraine's SBU security service said on Thursday.

"The destruction of oil depots directly affects the enemy's ability to conduct combat operations, advance and move staff reserves. Such operations are part of a systematic weakening of Russia's military potential," the official told Reuters.

(Reporting by Tom BalmforthWriting by Olena HarmashEditing by David Goodman)

Key Takeaways

  • Ukraine’s SBU says drones hit an oil depot in Pskov’s Velikiye Luki, triggering explosions and a fire.
  • Kyiv frames the strike as degrading Russia’s military logistics and fuel supply.
  • Russian officials reported dozens of drones downed overnight; the regional governor confirmed a tank fire.
  • No casualties were immediately reported while responders contained the blaze.
  • The incident highlights ongoing risks to Russian energy infrastructure and potential market implications.

References

Frequently Asked Questions

What is the main topic?
Ukraine’s SBU says its drones struck an oil depot in Russia’s Pskov region, igniting a fire in the city of Velikiye Luki. Kyiv frames the strike as part of efforts to weaken Russia’s military logistics.
Why is this relevant to finance and energy markets?
Attacks on Russian oil infrastructure can disrupt supply chains, elevate geopolitical risk premia, and influence crude and refined product prices, refining margins, and freight flows.
Were there casualties or major disruptions reported?
Initial reports indicated a fire at a fuel tank and no immediate casualties. Authorities said the blaze was contained, with assessments of damage and operational impact ongoing.
How does this fit into Ukraine’s broader strategy?
Ukraine has used long-range drones to target energy and military sites inside Russia to strain logistics, reduce fuel availability for the military, and increase economic costs.

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