Exclusive From St Petersburg: Drone Strike Hits Oil Terminal Ahead of Putin's Russian Davos #russia

Exclusive from St. Petersburg. Just hours before the opening of the St. Petersburg International Economic Forum (SPIEF), often called Russia's "Davos," multiple drones targeted key infrastructure in the city. A fire broke out at an oil terminal, sending thick black smoke into the sky and raising security concerns ahead of one of Russia's most important economic events.

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Business Today's Associate Editor Chetan Bhutani reports from St. Petersburg, where authorities say Russian air defences responded to the attack and managed to contain the situation. Despite the incident, officials insist that SPIEF events remain on schedule and that there has been no disruption to the forum.

The high-profile summit is expected to feature discussions on Russia's economic outlook, BRICS cooperation, de-dollarisation efforts, and international investment opportunities. President Vladimir Putin is scheduled to deliver the forum's keynote plenary address on June 6.

Watch this exclusive ground report for the latest developments from St. Petersburg.

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