Russia attacks Ukraine before Abu Dhabi talks
Analysis based on 6 articles · First reported Feb 03, 2026 · Last updated Feb 03, 2026
The extensive Russian missile and drone attacks on Ukraine's power grid and civilian infrastructure, particularly DTEK's thermal power plants, will likely increase energy commodity prices due to supply concerns and heightened geopolitical risk. The ongoing conflict and the apparent disregard for peace talks by Russia could lead to increased defense spending and volatility in global markets, as investors seek safe-haven assets.
Russia launched a massive overnight drone and missile attack on Ukraine, firing approximately 450 long-range drones and 70 missiles. The assault targeted at least five regions, specifically aiming at Ukraine's power grid and civilian infrastructure, including residential buildings, a kindergarten, and a gas station in Ukraine — Kyiv. This attack occurred just one day before US-brokered peace talks between Russia and Ukraine were scheduled to take place in MGX, United Arab Emirates. Ukrainian President Volodymyr Zelenskyy condemned Russia's actions, stating that terrorizing people during winter is prioritized over diplomacy, and urged allies to provide more air defense supplies. DTEK, Ukraine's largest private power company, reported that its thermal power plants were hit in the ninth major assault since October. The Trump administration, through envoys like Steve Witkoff and Jared Kushner, is actively seeking a breakthrough in negotiations, despite the recent escalation and the distant prospect of a comprehensive settlement.
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