Russia launches 'massive' attack on Ukraine, as Kyiv hits oil refineries

Background

Russia launched a "massive" attack on Ukraine, targeting multiple fronts and reportedly hitting critical infrastructure. This comes after a period of relative calm and talks between the two nations. Ukraine has responded by attacking Russian oil refineries, causing significant damage.

Impacts on Oil Supplies and Prices

The attacks are likely to disrupt oil supplies and push prices upward. Ukraine's ability to strike critical Russian assets far from its borders has significant implications for Russia's ability to defend its territory and project power.

Response from Allies

The attacks have prompted responses from allies of both countries. The US has announced expanded sanctions on Russia, and the EU has promised to aid Ukraine with military equipment.

Implications for Peace Talks

The attacks also cast doubt on the future of ongoing peace talks, as both nations grapple with the ramifications of the conflict on their territories and their citizens.