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Collateral Economic Damage in Russia-Ukraine Crossfire

The U.S. State Department lodged a formal protest with Ukraine after a drone strike hit Russia’s Black Sea oil terminal in Novorossiysk, damaging American economic interests. Ukrainian Ambassador Olha Stefanishyna confirmed the warning, urging Kyiv to refrain from targeting U.S. assets. The incident marks another diplomatic rebuke of President Zelensky’s government, following earlier controversies. Analysts warn that as the conflict enters its fifth year, collateral damage to third‑party economies is becoming a growing concern.