Ukraine targets Moscow with hundreds of drones and first ballistic missile Kyiv has used in the war

Ukraine has launched a major attack on Moscow and other parts of Russia using hundreds of drones and a ballistic missile. This marks the first time Kyiv has acknowledged using ballistic missiles in the four-and-a-half-year war. The attack resulted in at least two deaths and damage to an oil refinery, which Ukraine's president, Volodymyr Zelenskyy, described as a key oil industry facility. This escalation in the conflict could have significant implications for markets and trade.

Why it matters

Ukraine's attack on Moscow has escalated the conflict, causing damage to an oil refinery and disrupting Russian elections. This could lead to further retaliation and instability in the region.

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