Russia has temporarily suspended around 2% of its global oil supply following a Ukrainian strike on the Sheskharis oil terminal in Novorossiysk, a key Black Sea port in Krasnodar Krai. The attack caused fires and damage to coastal facilities, leading to a halt in exports of approximately 2.2 million barrels per day, according to Reuters. Local authorities confirmed that a civilian vessel was also hit, injuring three crew members. Ukraine has repeatedly targeted Novorossiysk due to its strategic importance to Russia’s energy infrastructure. Kyiv considers Russian oil refineries and petrochemical plants legitimate military targets, arguing they fund Moscow’s war effort. Ukrainian President Volodymyr Zelenskyy recently stated that Russia’s oil production and refining have declined this year, with projected losses of at least US$37 billion in oil and gas revenues. The strike coincided with a large-scale Russian drone and missile attack on Kyiv that killed six people and injured 14 others.