Ukraine has resumed strikes on Russian oil refineries, Russia says

Ukraine has reportedly resumed strikes on Russian oil refineries, according to Russia. This escalation in military action could have significant implications for global energy markets, particularly if it disrupts Russia's oil production and exports. The impact on the Russian economy, already facing challenges due to international sanctions, may be substantial, potentially affecting the country's currency and overall economic stability.

Why it matters

Ukraine's resumed strikes on Russian oil refineries could lead to further escalation and disrupt global energy supplies. This increased uncertainty may cause investors to become more risk-averse.

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