Gas prices rise in Europe after Ukraine attacks Russia's Kursk

Gas prices in Europe increased by 5.8% after the attack by the Ukrainian Armed Forces on Russia’s Kursk region, Caliber.Az reports, citing trading data on the ICE exchange.

Earlier, the exchange price of gas in Europe exceeded $435 per cubic meter for the first time since December 2023.

The Kursk region was subjected to a massive attack from Ukraine on August 6. The Defence Ministry reported that Ukrainian forces attempted to breach the border using tanks and armoured vehicles. The shelling and drone attacks resulted in the deaths of three residents and injured 24 people, including six children. Overnight, four more drones were shot down over the region. Acting Governor of the Kursk region, Alexei Smirnov, stated that he had a phone conversation with the president during the night, briefing him on the situation in the region.

On August 7, Russia declared a state of emergency in the Kursk region as its military fought off cross-border incursions for a second day. Ukrainian officials have remained silent about the operation, but announced a mandatory evacuation of thousands of people in an area just across the border from Kursk.