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Ukraine Strikes Russian Energy Hubs with Missiles and Drones

A n artilleryman of the 44th Separate Artillery Brigade, named after Hetman Danylo Apostol, of the Armed Forces of Ukraine, carries a cartridge as he prepares to fire a M777 Howitzer towards Russian troops. On December 25, 2025 , Ukraine launched a coordinated assault on Russian energy infrastructure, deploying Storm Shadow cruise missiles alongside long-range drones . According to the Ukrainian General Staff, the strikes hit the Novoshakhtinsk oil refinery in Russia’s Rostov region, one of southern Russia’s largest suppliers of diesel and jet fuel for the military. Multiple explosions were reported, and the facility was forced offline. In addition to the refinery, Ukraine’s Security Service (SBU) confirmed drone attacks on facilities in Temryuk and Orenburg . Fuel tanks in Temryuk caught fire, while a gas processing plant in Orenburg was shut down, further disrupting Russia’s energy output. Ukrainian officials stated that these operations are designed to undermine Russia’s milit...

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Wall Street Nervous Ahead of US Inflation Report

 

Shares in Asian markets dipped today as investors anxiously await a crucial U.S. inflation report due on Friday. The report’s findings could significantly impact interest rates and global markets.

Key Points:

  • Focus on Inflation: The U.S. Federal Reserve closely monitors the Personal Consumption Expenditures (PCE) index, a key measure of inflation. Recent mixed data has left investors in a wait-and-see mode, wondering when the central bank might adjust interest rates.

  • Chinese Property Market: Efforts to revive China’s property sector have fallen short. Despite Beijing’s measures to cut down-payment ratios and mortgage interest rates, the market remains sluggish. Dozens of property developers defaulted on debts, affecting the entire Chinese economy.

  • Wall Street’s Reaction: Wall Street is cautious, with the Hang Seng down 2% and the Shanghai composite index slipping 0.6%. Investors worldwide are closely monitoring the inflation report’s impact.



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