Ukraine Strikes Lukoil Refinery in Volgograd; Putin Cites 1% GDP Loss

Ukrainian drones struck the Lukoil refinery in Volgograd, a major processing site with ~5% of national capacity, in a large-scale overnight attack. Putin's acknowledgment of ~1% GDP loss marks a notable admission of economic impact from such strikes, though the full extent of damage remains unverified. This escalation targets Russian energy infrastructure, potentially affecting fuel supplies and refining margins.