Politics, Geopolitics & Conflict Ukraine has stepped up its long-range campaign, striking two Russian oil refineries on Thursday (Ryazan plant southeast of Moscow and Kirishi refinery near St. Petersburg). Both are among Russia’s largest, with combined capacity over 700,000 b/d. Russian authorities reported fires and temporary shutdowns; Ryazan, in particular, supplies fuel to central Russia, while Kirishi is a key export hub via the Baltic. Potential localized fuel shortages inside Russia, possible adjustments in export flows, and further…
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