Russian Refiners See Relief From Decline in Ukrainian Attacks

Ukrainian drone strikes on Russian refineries dropped to a six-month low in January, allowing the Kremlin to increase fuel supplies to the domestic market and resume gasoline exports.

Ukraine hit just three Russian refineries during the month, down from 11 in December, according to statements from officials in both nations. All the affected plants were small, independent operations. Together, they account for less than 7% of Russia’s typical January output, according to Bloomberg estimates.