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Ukraine Strikes Russian Oil; EU Plans €140B Support

9/27/2025

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Summary

Story summary

The Ukrainian military targets Russian oil infrastructure, destroying over 20% of refining capacity and triggering shortages in Moscow and St. Petersburg.
European Union (EU) plans a €140 billion loan to Ukraine using frozen Russian assets to bolster eastern defenses, with German Chancellor Friedrich Merz backing an instrument.
EU leaders will discuss these initiatives at a Copenhagen summit, aiming for agreements by October.

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Story summary

The Ukrainian military targets Russian oil infrastructure, destroying over 20% of refining capacity and triggering shortages in Moscow and St. Petersburg.
European Union (EU) plans a €140 billion loan to Ukraine using frozen Russian assets to bolster eastern defenses, with German Chancellor Friedrich Merz backing an instrument.
EU leaders will discuss these initiatives at a Copenhagen summit, aiming for agreements by October.