Sam Bankman-Fried Says FTX Was Never Bankrupt, Blames Lawyers

The post Ukraine Gains Leverage With Strikes On Russian Refineries appeared on BitcoinEthereumNews.com. Screen captures from a video posted on social media on September 13, 2025. The video claims to show a Ukrainian drone strike on the Novo-Ufa oil refinery in Russia. Social Media Capture Earlier this year, peace negotiations between Russia and Ukraine stalled, with some claiming that Ukraine had entered the talks with “no cards” to play. Since then, Ukraine has strengthened its position, launching a series of successful drone strikes against Russian refineries, eroding one of Russia’s most important sources of revenue. At the same time, Russia is pouring increasing resources into its summer offensive and strategic drone strikes, while achieving minimal results. This combination creates a financially unfavorable situation for the Russians and provides Ukraine with much-needed leverage for the next round of peace negotiations. Ukraine’s Strategic Strikes Against Russian Oil Refineries Throughout this past summer, Ukraine has launched a coordinated series of long-range drone attacks against Russian oil refineries, causing major disruptions to the country’s fuel infrastructure. Reports indicate that more than ten refineries were struck during August, shutting down about 17 percent of Russia’s refining capacity, or approximately 1.1 million barrels per day. Repeated strikes on the Ryazan refinery in the Moscow area and the Novokuibyshevsk refinery in the Samara region disabled several key distillation units. Meanwhile the Volgograd plant in southern Russia had to suspend processing oil after a recent strike. Other refineries across the country have also been targeted. These attacks have continued into September, with additional facilities hit and many struck multiple times. Long-range drones An-196 Liutyi of the Defence Intelligence of Ukraine stand in line before takeoff in undisclosed location, Ukraine, Feb. 28, 2025. (AP Photo/Evgeniy Maloletka) Copyright 2025 The Associated Press. All rights reserved Ukraine’s ability to strike deep targets in Russia stems from advances in its drone industry. Many of these…

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