Ukrainian drones struck the Saint Petersburg Oil Terminal on the night of June 3, 2026, sparking a fire at Russia’s largest oil transshipment complex on the Baltic Sea. The attack coincided with the opening day of the St. Petersburg International Economic Forum (SPIEF); the targeted facility sits approximately 17 kilometers from the forum venue.

The terminal handles an annual throughput of 12.5 million tonnes and contains 21 petroleum product storage tanks. The strike timed with the opening of the forum, an event often called “Putin’s Davos,” where President Vladimir Putin is expected to speak.

Ukrainian President Volodymyr Zelensky described the operation as part of a series of “long-range strikes” targeting key infrastructure to disrupt Russian logistics and prestige. The attack on the terminal accompanied a wider nighttime operation that also hit the Progress plant in the Tambov region, which produces sensors and gyromotors for Russian missiles.

Russian regional authorities disputed the scale of the damage. Leningrad Oblast Governor Aleksandr Drozdenko reported that 30 drones were shot down over the region on June 3, stating that the attacks were “repelled” while avoiding specific details on the oil terminal’s status.

The SPIEF continues through June 6. The Russian government is attempting to maintain a facade of stability despite the breach of its airspace. This strike follows a pattern of Ukrainian targeting of Russian energy infrastructure to reduce the Kremlin’s export capacity and highlight security vulnerabilities in the Russian heartland.