Putin rejects refinery-strike truce, accepts 1% GDP cost from Ukrainian attacks

Putin publicly acknowledged Ukrainian strikes on Russian refineries have cost 1% of GDP, yet refused a reciprocal halt with Ukraine's naval attacks, signaling continued energy infrastructure targeting. This marks a rare admission of economic damage from a Russian leader, though the refusal suggests strategic prioritization over economic cost. The statement, made at the Valdai Forum, indicates no near-term de-escalation in the energy-infrastructure conflict.