Russian President Vladimir Putin on Thursday ruled out a long-range strikes ceasefire with Ukraine as Moscow intensifies aerial attacks on Kyiv. Putin dismissed the idea of halting strikes on refineries in exchange for stopping attacks on ships, calling it ridiculous. He said Russia lost approximately one percent of its GDP due to Ukrainian strikes on refineries, which caused fuel shortages this summer. Ukraine has targeted Russian refineries, oil depots, and export facilities to cut energy revenues, while Russian strikes have hit Ukraine's steel companies.
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