Putin warned the West he would deploy nuclear weapons if necessary to defend the Russian Baltic exclave of Kaliningrad.

Russian President Vladimir Putin has ruled out a ceasefire on long-range strikes with Ukraine as Moscow steps up its campaign of aerial attacks on Kyiv.

“We are told: ‘Let them stop striking your refineries, and you will stop striking their ships.’ It is simply ridiculous,” Putin said on Thursday at the Valdai political forum in Moscow.

The remarks followed a meeting between United States President Donald Trump and Ukrainian President Volodymyr Zelenskyy in New York on September 22, when Zelenskyy said Kyiv was ready to cease strikes on Russian oil refineries and other energy facilities if Moscow also stopped its attacks on Ukrainian energy infrastructure.

Speaking at the forum of the Moscow-based think tank, Putin said Ukraine had “partially achieved its objectives” with ⁠these strikes, with attacks on Russian ⁠oil refineries having cost the country 1 percent of its gross domestic product (GDP), but added that Russia ⁠was now responding in kind.

Russia has ramped up long-range strikes, targeting Ukraine’s steel companies as well as supply chains, notably in the rail sector. Ukraine accuses Moscow of deliberately hitting civilian targets and keeping Kyiv on a near-constant state of alert as it braces for another tough winter.

A Russian drone struck a school in Kyiv on Thursday, according to city officials, as the Ukrainian capital endured relentless aerial attacks. No casualties were reported as children and staff at the school were in shelters when the drone hit.

Putin added that Russia would prefer to end the conflict in Ukraine through talks and wanted it to ⁠be a neutral ⁠country after the end ⁠of hostilities.

The nuclear option

He warned the West not to escalate the standoff over Ukraine by threatening the Russian exclave of Kaliningrad, which is wedged between Poland and Lithuania, and pledged to defend it with nuclear weapons if necessary.

“If it comes to a direct attack on the Russian Federation – in this case, we are referring to Kaliningrad, and perhaps other territories as well – the question of the Russian Federation deploying all the weapons at our country’s disposal will, of course, inevitably and immediately be on the agenda,” he said.

Putin’s comments followed a diplomatic note which NATO said this week it had received from Russia, warning the Western military alliance it would be ready to resort to nuclear weapons if NATO attempted to cut off Russia’s Baltic exclave.

Putin warned that cycles of escalation in international conflict ⁠could quickly lead to dangerous scenarios. “We must realise that the moment when nothing can be changed any longer may come very quickly and unexpectedly for everyone. The logic of escalating, increasingly harsh retaliatory measures leads to a fatal point of no return,” ⁠he said.

On the contrary, in the event of a “favourable scenario”, Putin said the assets of Western companies that Moscow had seized could potentially be returned. Putin last month ordered the seizure of businesses and assets of Swiss food giant Nestle, French retailer Auchan, the former Leroy Merlin DIY chain and German wholesaler and food retailer Metro.