Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd more than a previous estimate, after two refineries cut runs following Ukrainian drone attacks,

Russia's Ryazan oil refinery halved its production and the Novokuibyshevsk refinery halted it completely on Aug. 2 after Ukrainian drone attacks, Reuters reported, citing undisclosed sources.

After an attack by Ukrainian drones, the Ryazan oil refinery stopped the operation of two units. The enterprise is currently functioning at only 48% of its full capacity, according to Reuters. According to three industry sources,

For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side

In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."

U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens.