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Ukraine’s Neptune Missiles Strike Novorossiysk Port, Damaging Key Russian Infrastructure

  Ukraine's President Volodymyr Zelenskiy awards a Ukrainian serviceman while he visits a command position of the 65th Separate Mechanized Brigade 'Velykyi Luh' at a front line, amid Russia's attack on Ukraine, in Zaporizhzhia region, Ukraine November 13, 2025. Ukrainian forces carried out a significant overnight strike on Russia’s Black Sea port of Novorossiysk , using domestically produced Neptune cruise missiles . The attack, which took place on the night of November 13–14, 2025 , targeted strategic military and energy facilities in the port city of Krasnodar Krai. According to Ukraine’s General Staff, the strike damaged valuable port infrastructure , including the Sheskharis oil terminal , a launcher from Russia’s S-400 air defense system , and a missile storage site. The latter reportedly detonated, causing fires across the port area. Video footage and reports confirmed that drones accompanied the missile barrage, amplifying the destruction. President Volodymyr ...
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Lukoil Moves to Divest Global Holdings Amid Escalating Sanctions

                            General view of Orsknefteorgsintez oil refinery in the Orenburg region.


Russia’s second-largest oil producer, Lukoil, has announced plans to sell off its international assets in response to a fresh wave of Western sanctions targeting the company and its subsidiaries. The move marks one of the most significant corporate retreats by a Russian energy giant since the start of sanctions linked to the war in Ukraine.

In a statement, Lukoil said the decision was made “owing to the introduction of restrictive measures” and confirmed that it has already begun considering bids from potential buyers. The sales process is being conducted under a U.S. Office of Foreign Assets Control (OFAC) wind-down license, which allows the company to continue operating its overseas businesses temporarily while transactions are finalized. Lukoil also indicated it may seek an extension of this license to ensure uninterrupted operations during the transition.

The company’s international portfolio is extensive, spanning refineries in Italy and the Netherlands, as well as upstream projects in Iraq, Uzbekistan, and West Africa. Its largest foreign holding is a 75% stake in Iraq’s West Qurna-2 oil field, one of the world’s biggest reserves.

The sanctions, imposed by the United States and Britain in October 2025, targeted both Lukoil and Rosneft, along with dozens of subsidiaries and shipping assets, in an effort to further restrict Russia’s energy revenues. Analysts suggest that the forced divestment could reshape global energy markets, particularly in Europe, where Lukoil has maintained a strong downstream presence.

While the company has not disclosed potential buyers, industry observers expect interest from Middle Eastern and Asian firms seeking to expand their global footprint. However, the sales process is likely to be complicated by the sanctions regime, which could deter Western-linked bidders.

Lukoil’s decision underscores the growing pressure on Russian energy companies as sanctions continue to tighten, forcing them to scale back international ambitions and refocus on domestic operations.


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