KREMLIN SAYS UKRAINE IS IGNORING TRUMP'S REQUEST TO STOP ATTACKS ON RUSSIAN REFINERIES

The Kremlin has publicly accused Ukraine of disregarding a request from US President Donald Trump to halt strikes on Russian oil refineries, signaling that Moscow views the appeal as unmet and that the diplomatic channel between Washington, Moscow, and Kyiv remains strained. The transmission mechanism runs primarily through energy supply risk: Russian refineries are a key node in refined product exports, and sustained strikes can reduce processing throughput, tightening diesel and gasoline availability and pushing up crack spreads and regional fuel prices. Russian crude and product flows, Eastern European diesel markets, and Brent-linked contracts carry the most direct exposure, while ruble-denominated assets and Russian sovereign credit are sensitive to any escalation in sanctions or export restrictions tied to the dispute. The next catalyst to watch is weekly Russian refinery throughput and export data, alongside any statement from the White House on whether the request will be pursued through formal diplomatic or sanctions channels.

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