TODAY’S PAPER | August 23, 2026 | EPAPER

Putin warns Ukraine over economic strikes

Says Moscow will hit back at Ukraine's 'most sensitive' economic sectors


Reuters August 23, 2026 1 min read
WAR RAVAGES: This photograph shows a view of a shopping mall damaged following a Russian strike in Kryvyi Rih, Ukraine. PHOTO: AFP

MOSCOW:

MOSCOW

Russian President Vladimir Putin said in comments published on Saturday that Kyiv had opened "Pandora's box" with its strikes on ?Russian economic targets, saying that Russia would hit back at Ukraine's "most sensitive economic sectors".

Ukraine has ?this summer escalated a campaign of drone strikes targeting Russian economic infrastructure, including oil refineries ?and online retailers' warehouses, seeking to destroy infrastructure it says is central to Russia's war effort.

Russia has responded with strikes against Ukrainian economic infrastructure, including Ukrainian grain exports via the Black Sea.

"The ?Kyiv regime set out to damage our economy. What did it do? It opened this Pandora's box itself. Well then, expect a response targeting your most sensitive economic sectors," Putin said ?in comments to a Russian state television journalist.

He said that the strikes, which have jeopardised Ukraine's agricultural exports, would not cause global food shortages, because Russia would be able to replace Ukrainian exports, even as Kyiv has targeted Russian grain export infrastructure.

"We do face challenges regarding the shipment of our goods, but we will resolve these issues. Consequently, there will be no shortage on the global market," Putin said.

Russia and Ukraine had previously adhered to a Turkish-brokered deal to protect grain exports on the Black Sea. But Russia exited the deal in 2023.

The Russian leader also restated his position that Moscow is open to peace talks, but only on the basis of "realities on the ground", rather than what he called "exotic" proposals that he said had been made ?by Ukraine via intermediaries.

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