Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters/via REUTERS Purchase Licensing Rights, opens new tab
March 22 (Reuters) – The United States has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global oil prices, the Financial Times reported on Friday, citing people familiar with the matter.
The attacks helped boost oil prices that have risen nearly 4% so far since March 12, when Ukraine first started targeting Russia’s energy infrastructure. A further rally in gasoline prices in the United States would weaken President Joe Biden ratings and undermine his re-election chances.
Russia and Ukraine have both used drones to strike critical infrastructure, military installations and troop concentrations in their more than two-year war, with Kyiv hitting Russian refineries and energy facilities in recent months.
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Reporting by Utkarsh Shetti and Harshit Verma in Bengaluru; Editing by Himani Sarkar and Tomasz Janowski
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