• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
EnergyRussia
Europe

Putin admits Russia is ‘going through a difficult period’ as relentless Ukrainian drone attacks cut off fuel supplies

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
June 28, 2026, 2:29 PM ET
Russian President Vladimir Putin arrives to lay a wreath during a ceremony at the Unknown Tomb on June 22, 2026 in Moscow, Russia.
Russian President Vladimir Putin arrives to lay a wreath during a ceremony at the Unknown Tomb on June 22, 2026 in Moscow, Russia. Getty Images
Add Fortune on Google for similar content.

Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said Sunday, as President Vladimir Putin acknowledged his country is going through a “difficult period.”

Recommended Video

Ukraine has markedly stepped up its long-range attacks on Russian military industries and energy facilities in recent months, aiming to cut Moscow’s revenue for its invasion — now in its fifth year — and make Russians feel the consequences.

The campaign has choked Russian fuel supplies and military deliveries. According to Western analysts, it has also slowed Moscow’s efforts on the battlefield, heaping pressure on the Kremlin to come to the negotiating table.

“Our ‘long-range sanctions’ reached two oil refineries in Russia,” Ukrainian President Volodymyr Zelenskyy wrote on the Telegram messaging app on Sunday. “Each (strike) means a reduction in the resources that fuel the Russian war machine, and another step toward peace.”

Debris from downed Ukrainian drones sparked a blaze at the refinery in Slavyansk-na-Kubani, a town in Russia’s Krasnodar region, east of occupied Crimea, according to Gov. Veniamin Kondratyev. The falling debris killed one person in Slavyansk and wounded another in a nearby village, local authorities said.

The Slavyansk site is one of southern Russia’s major refineries, processing close to 4 million tons of crude per year, according to its operator’s website. It is also a key source of petroleum products intended for export through Russia’s Black Sea ports, including fuel oil, naphtha and marine fuel.

Zelenskyy also claimed that a second Russian refinery, in the Yaroslavl region around 700 kilometers (435 miles) from the Ukrainian border, was hit during the nighttime strikes.

There were no immediate reports from Russian authorities about the strike on the Yaroslavl refinery. Local Gov. Mikhail Evraev reported on Sunday morning that some roads between Moscow and the region’s capital, Yaroslavl, were temporarily closed due to “an enemy attack by Ukrainian drones.”

Yaroslavl’s airport also briefly closed overnight, along with others in southern and western Russia, according to the country’s civil aviation agency.

Fuel shortages in Russia as Putin says plans will be ‘adjusted’

For months, Ukraine has been stepping up attacks on energy facilities deep inside Russia. Despite a raft of Western sanctions, Moscow remains among the world’s top exporters of oil and natural gas.

More recently, Ukraine has attempted to choke off fuel deliveries to Crimea, the Black Sea peninsula illegally annexed by Moscow in early 2014. Last weekend, Kremlin-installed officials in Crimea suspended gasoline sales to civilians, after Kyiv’s targeting of supply routes triggered the worst energy crisis there since the annexation.

Russian President Vladimir Putin commented on Sunday that the country was “going through a difficult period,” but insisted that Moscow would “honor all its social obligations” to citizens. He did not directly reference the Ukrainian strikes or fuel shortages.

“Naturally, we are adjusting certain plans in light of the current situation, but all strategically important (domestic) development programs will undoubtedly be implemented in full,” Putin said at a conference of his ruling United Russia party.

“We will continue to build housing and roads, create new, modern, high-paying jobs, and support domestic businesses,” he said. “We are going through a difficult period, but this has taught us a great deal, and allowed us to grasp the very essence of what it means to be a Russian citizen.”

Russian Deputy Prime Minister Alexander Novak said that Moscow was actively reviewing fuel export agreements to avoid compromising domestic needs.

Fuel sales to civilians were also being restricted in Russia’s Irkutsk region in Siberia, thousands of kilometers (miles) from the Ukrainian border, local Gov. Igor Kobzev announced on Sunday.

Drivers will be barred from buying more than 50 liters (13 gallons) of fuel per vehicle per day at state-run Rosneft gas stations in the province, Kobzev said, adding that other gas stations may set lower limits.

At least two private gas station networks in Siberia — KreisNeft in the Irkutsk region and Elke Auto in the Tomsk region farther west — said earlier this month that they were limiting sales due to supply disruptions.

Drones, bombs and missiles target more regions

Also on Sunday, a Russian aerial bomb killed two people in Zaporizhzhia — a city in southern Ukraine — and injured 16 others, including two children, said regional administration head Ivan Fedorov.

In Russia’s border region of Belgorod, Ukrainian drone strikes killed one person and injured another earlier on Sunday, according to acting local Gov. Alexander Shuvayev.

Russia’s Defense Ministry said its forces shot down 213 Ukrainian drones during the night, including over Russia, occupied Crimea and the Black and Azov seas.

Meanwhile, Russia attacked Ukraine with 142 long-range strike drones and eight missiles overnight, according to the Ukrainian air force. Of those, 125 drones and seven missiles were struck down, the air force said.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Energy

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Energy

Trump’s U-turn on Iran sanctions would unravel decades of curbs
EconomyIran
Trump’s U-turn on Iran sanctions would unravel decades of curbs
By Daniel Flatley, Magdalena Del Valle, Jennifer A. Dlouhy, Jeff Mason and BloombergJune 28, 2026
4 hours ago
Putin admits Russia is ‘going through a difficult period’ as relentless Ukrainian drone attacks cut off fuel supplies
EnergyRussia
Putin admits Russia is ‘going through a difficult period’ as relentless Ukrainian drone attacks cut off fuel supplies
By The Associated PressJune 28, 2026
5 hours ago
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
PoliticsIran
Iran is forcing the U.S. into an escalation trap as a ‘shadow war’ over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
5 hours ago
Ukraine’s drone attacks hit more Russian refineries and create fuel shortages in Siberia—thousands of miles from the war
EnergyUkraine invasion
Ukraine’s drone attacks hit more Russian refineries and create fuel shortages in Siberia—thousands of miles from the war
By The Associated PressJune 28, 2026
9 hours ago
Even Apple supply chain maestro Tim Cook couldn’t dodge the memory chip ‘RAM-ageddon’ crisis. Here’s why PC prices are soaring this summer
Big TechChips
Even Apple supply chain maestro Tim Cook couldn’t dodge the memory chip ‘RAM-ageddon’ crisis. Here’s why PC prices are soaring this summer
By Alexei OreskovicJune 28, 2026
14 hours ago
Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
Middle EastIran
Forget the ceasefire — The U.S. and Iran are still locked in combat over the Strait of Hormuz as Tehran tries to shut down a competing route
By Jason MaJune 27, 2026
1 day ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
4 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
12 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
16 hours ago
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
AI
The 33-year-old executive Satya Nadella is trusting to fix Microsoft’s Copilot AI assistant
By Sebastian HerreraJune 27, 2026
2 days ago
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
Europe
The end of Putin’s regime will spring from war spending chaos, former central bank advisor says, amid military mutiny threat and fuel-shortage brawls
By Jason MaJune 27, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.