Russian Drones Strike Historic Oil Plant in Ukraine
The Chernihiv facility, operating since 1896, sustained critical damage in a recent attack.
Russian drones caused critical damage to the Nizhyn oil and fat plant on November 10. The facility is located in the Chernihiv region and is recognized as one of the oldest in the Ukrainian sector.
The industrial complex has performed full-cycle processing of oilseeds since 1896. The company recorded revenue of 8.31 billion hryvnias in 2025, which is equivalent to 196.9 million dollars.
The company's net profit in the same period reached 144.3 million hryvnias, or 3.4 million dollars. The unit is classified as a civilian industrial enterprise focused on the production of vegetable oil and meal.
Local authorities reported that this incident is part of a series of attacks in the region. Since the beginning of 2026, more than 100 agricultural companies have been targeted by military actions in the Chernihiv area.
The worsening of conflicts in agricultural production zones increases risk aversion in global markets and may pressure the dollar exchange rate against emerging currencies.
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