Putin Chairs Crisis Meeting on Fuel Market Amid Ukrainian Refinery Attacks

President Vladimir Putin convened a high-level meeting to address the critical situation in Russia's fuel market, which has been severely impacted by Ukrainian attacks on domestic oil refineries. The gathering included government officials and leaders from major companies in the energy sector.

During the televised meeting, Putin stressed the urgency of implementing "systemic measures" to stabilize the market. He highlighted the dual goals of increasing fuel supply and ensuring economically justified prices for consumers. The president noted that Russia's largest oil refineries are operating at maximum capacity, with smaller and medium-sized facilities also contributing significantly.

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In general, to stabilize the fuel market, I think it is necessary to adopt systemic measures in line with the scale of the current challenges.

To maintain production levels, scheduled maintenance at these facilities has been postponed, and routine work is being expedited. Putin also revealed that a 24-hour crisis cabinet is actively monitoring the situation. Additional proposals are being developed in collaboration with oil companies to guarantee domestic fuel supplies.

While acknowledging that the domestic market has begun to deplete its fuel reserves, Putin assured that gasoline stocks remain comparable to last year's levels. He expressed awareness of queues forming at gas stations and reiterated the government's commitment to mitigating the consequences of the Ukrainian attacks on Russian energy infrastructure.

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increase the supply and maintain economically justified fuel prices.