Ukrainian drones struck Saint Petersburg overnight, hitting Russia’s largest Baltic oil terminal, a VK data center, and a power substation.

Ukrainian drones struck Saint Petersburg overnight, damaging Russia's largest Baltic oil terminal, a VK data center, and a power substation. The attack targets export infrastructure and domestic digital and grid assets simultaneously, which raises supply-disruption risk for crude and refined product flows through the Baltic, where Primorsk and Ust-Luga handle a large share of Russian seaborne exports. Russian sovereign bonds and the rouble are most exposed through risk-premium and capital-flow channels, as escalation raises the probability of sanctions tightening and disrupts energy revenue that supports the currency. Traders should watch the next Urals crude discount to Brent, Russian export loading schedules for Baltic ports in the coming days, and any official damage assessment from Rosneft or the terminal operator for signs of how long throughput stays impaired.

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