Russia temporarily suspends roughly 2% of its global oil supply following a Ukrainian strike on one of its major facilities in its southwestern port city of Novorossiysk in Krasnodar Krai on Friday, according to multiple Russian officials and Telegram channels.
The attack, which struck the Sheskharis oil terminal and sparked fires, according to officials, serves as the endpoint for pipelines. It sparked a large fire at the site, now extinguished, causing it to suspend exports of 2.2 million barrels per day, according to Reuters, citing industry sources.
