What happened overnight
Russia launched another barrage at the capital and surrounding areas aimed at energy facilities and bridges. Officials reported at least one civilian dead and several injured.
Naftogaz said one of its sites in central Ukraine was hit three times overnight, and stated on Telegram, "The attack damaged equipment, and a large-scale fire broke out."
Kyiv Mayor Vitali Klitschko said on Telegram that "Energy facilities in the Kyiv and Zhytomyr regions have been damaged," adding that "The energy supply in the capital is extremely difficult and this also affected the operation of the city's heating and water supply systems." He posted video showing the Northern Bridge, Kyiv's main route across the Dnipro River, which was hit and closed to traffic on Saturday morning. According to Russia's Defense Ministry, the strike on the bridge aimed to disrupt its role in moving weapons and other materiel for Ukraine's forces.
Ukraine's strikes inside Russia
Ukraine reported conducting an air raid in Russia's Oryol region, situated roughly 500 kilometers (300 miles) to Kyiv's northeast. The General Staff reported a Neptune cruise missile hit on the JSC "Proton-Electrotex" defense facility, saying, "A hit was confirmed, and a fire broke out at the site," with damage still being assessed. Russian authorities have not commented.
Separately, a person familiar with the matter, not cleared to speak publicly, said Ukraine hit the Saratov oil refinery in Russia's Volga region. Ukraine has stepped up attacks on Russian oil infrastructure since Oct. 30 after about a two week lull. The Saratov plant can process roughly 140,000 barrels of crude per day, has been targeted multiple times, and has halted operations after earlier strikes. The region's governor confirmed an overnight attack but did not confirm a hit on the refinery itself.
Challenges and uncertainty in markets make thoughtful tools more valuable for investors. We're hosting our first ever investor livestream on 11/17 to show you how to use ChatGPT and Claude to invest like a pro, hosted by Briefs Finance CEO Jaspreet Singh. Save your seat.
Air defenses, outages and what is next
President Volodymyr Zelenskyy said Saturday on social media that Kremlin forces launched 36 ballistic missiles and 172 attack drones overnight. Ukraine's air force said it downed four missiles and 149 drones.
Ukraine's Energy Ministry said that hourly, pre-planned power outages continue across most regions, with industrial consumers subject to usage caps. It added that crews are working in intensified mode but are slowed by frequent air raid alerts, returning to repairs as soon as the all clear sounds. Zelenskyy had warned Friday night that a new attack on Kyiv was imminent based on intelligence and said protection from airstrikes was "not easy" amid a continuing shortage of interceptors.
The nighttime barrage came after Russian strikes hit no fewer than nine Ukrainian regions on Tuesday, as well as a separate attack on a humanitarian aid center the previous day that left at least 53 people dead.
The US political angle and your portfolio
Speaking to local outlets this week, Zelenskyy said Ukraine needs to "move toward a new political infrastructure" in the US following Democrats' victories securing Congressional majorities in Tuesday's midterm elections. On Saturday he said, "We are counting on the US Congress to give more attention to Ukraine, because Russia keeps increasing the number of its attacks."
Why it matters: ongoing strikes on power assets mean grid strain, rolling blackouts and repair bills that can weigh on Ukrainian utilities and infrastructure services. Cross border hits on refineries and defense plants keep energy supply risks and defense demand in view ahead of talks in Abu Dhabi, shaping sentiment for energy markets and defense suppliers.
Learning how to apply new technology can help investors sharpen long term decision making. On 11/17, our CEO Jaspreet Singh goes live for our first ever investor livestream on how to use ChatGPT and Claude to invest like a pro. Register to join him.
