Russia unleashed a massive missile and drone barrage on Kyiv early Sunday, rattling buildings for hours and igniting several fires across the capital. The strike damaged two subway entry points that serve as underground shelters for thousands, and a bomb shelter at a school was reportedly buried, trapping civilians. Images showed columns of smoke rising over the city skyline.

President Volodymyr Zelensky warned Russia might fire an Oreshnik intermediate‑range ballistic missile, designed to carry nuclear warheads and previously used in dummy tests in 2024 and January. Officials could not confirm its launch, but the missile’s multiple warhead payload evades Patriot defenses, raising investor concerns about escalation risk and pressure on energy markets already strained by recent Ukrainian drone attacks on Russian oil export facilities.

The attack underscores the vulnerability of Kyiv’s civilian infrastructure and adds pressure on Ukraine’s already stressed public‑transport refuge system, potentially prompting higher insurance premiums and reconstruction spending. For Western governments, the incident reinforces calls for additional air‑defense aid, while Russian oil revenues face further headwinds as drone‑driven disruptions persist. The strike marks the most intense missile‑drone barrage on the capital this year.