Russian President Vladimir Putin has stated that the country's oil products situation will gradually improve, acknowledging that Ukrainian military actions are currently causing disruptions to domestic fuel supplies.
The comments mark a shift in tone from the Kremlin, which has previously downplayed the impact of strikes on its energy infrastructure.
The admission comes as markets continue to price in the risk of supply disruptions from Russia, a major global oil producer.
Brent crude has seen volatility in recent sessions as traders assess the potential for sustained damage to Russian refining capacity.
The uncertainty has also weighed on energy equities and freight rates, with investors monitoring the extent of the damage to key facilities.
Deputy Prime Minister Alexander Novak recently stated that Russia possesses adequate fuel refining capacity to meet current domestic demand, a comment that served as a direct reassurance to markets and consumers.