diff --git a/python/src/com/jetbrains/python/formatter/PyBlock.java b/python/src/com/jetbrains/python/formatter/PyBlock.java
index dc7cee7ca3b8..a195013a2aa2 100644
--- a/python/src/com/jetbrains/python/formatter/PyBlock.java
+++ b/python/src/com/jetbrains/python/formatter/PyBlock.java
@@ -141,11 +141,18 @@ public class PyBlock implements ASTBlock {
     }
     else if (parentType == PyElementTypes.BINARY_EXPRESSION &&
              (PythonDialectsTokenSetProvider.INSTANCE.getExpressionTokens().contains(childType) || PyTokenTypes.OPERATIONS.contains(childType))) {
-      if (grandparentType == PyElementTypes.BINARY_EXPRESSION && myParent != null) {
-        childAlignment = myParent.getAlignmentForChildren();
+      if (isInControlStatement() ) {
+        PyParenthesizedExpression parens = PsiTreeUtil.getParentOfType(_node.getPsi(), PyParenthesizedExpression.class, true,
+                                                                       PyStatementPart.class);
+        childIndent = parens != null ? Indent.getNormalIndent() : Indent.getContinuationIndent();
       }
       else {
-        childAlignment = getAlignmentForChildren();
+        if (grandparentType == PyElementTypes.BINARY_EXPRESSION && myParent != null) {
+          childAlignment = myParent.getAlignmentForChildren();
+        }
+        else {
+          childAlignment = getAlignmentForChildren();
+        }
       }
     }
 
@@ -162,7 +169,7 @@ public class PyBlock implements ASTBlock {
         childIndent = Indent.getNoneIndent();
       }
       else {
-        childIndent = parentType == PyElementTypes.PARAMETER_LIST || isCallInControlStatement()
+        childIndent = parentType == PyElementTypes.PARAMETER_LIST || isInControlStatement()
                       ? Indent.getContinuationIndent()
                       : Indent.getNormalIndent();
       }
@@ -219,7 +226,8 @@ public class PyBlock implements ASTBlock {
 
     ASTNode prev = child.getTreePrev();
     while (prev != null && prev.getElementType() == TokenType.WHITE_SPACE) {
-      if (prev.getText().contains("\\")) {
+      if (prev.getText().contains("\\") && !childIndent.equals(Indent.getContinuationIndent()) &&
+          !childIndent.equals(Indent.getContinuationIndent(true))) {
         childIndent = Indent.getNormalIndent();
         break;
       }
@@ -229,7 +237,7 @@ public class PyBlock implements ASTBlock {
     return new PyBlock(this, child, childAlignment, childIndent, wrap, myContext);
   }
 
-  private boolean isCallInControlStatement() {
+  private boolean isInControlStatement() {
     return PsiTreeUtil.getParentOfType(_node.getPsi(), PyStatementPart.class, false, PyStatementList.class) != null;
   }
 
@@ -472,6 +480,9 @@ public class PyBlock implements ASTBlock {
   @Nullable
   private Alignment getChildAlignment() {
     if (ourListElementTypes.contains(_node.getElementType())) {
+      if (isInControlStatement()) {
+        return null;
+      }
       if (_node.getPsi() instanceof PyParameterList && !myContext.getSettings().ALIGN_MULTILINE_PARAMETERS) {
         return null;
       }
@@ -480,7 +491,7 @@ public class PyBlock implements ASTBlock {
         if (elements.length == 0) {
           return null;
         }
-        PyKeyValueExpression last = elements[elements.length-1];
+        PyKeyValueExpression last = elements[elements.length - 1];
         if (last.getValue() == null) { // incomplete
           return null;
         }
diff --git a/python/testData/formatter/alignInBinaryExpression.py b/python/testData/formatter/alignInBinaryExpression.py
index 1e9777a37b1f..b4e809ba3bff 100644
--- a/python/testData/formatter/alignInBinaryExpression.py
+++ b/python/testData/formatter/alignInBinaryExpression.py
@@ -1,2 +1,3 @@
 if isintance(True, bool) and\
-    isinstance(1, int): pass
\ No newline at end of file
+    isinstance(1, int):
+    pass
diff --git a/python/testData/formatter/alignInBinaryExpression_after.py b/python/testData/formatter/alignInBinaryExpression_after.py
index dd87ebb7e168..67c5db31f6df 100644
--- a/python/testData/formatter/alignInBinaryExpression_after.py
+++ b/python/testData/formatter/alignInBinaryExpression_after.py
@@ -1,2 +1,3 @@
 if isintance(True, bool) and \
-   isinstance(1, int): pass
\ No newline at end of file
+        isinstance(1, int):
+    pass
diff --git a/python/testData/formatter/ifConditionContinuation.py b/python/testData/formatter/ifConditionContinuation.py
new file mode 100644
index 000000000000..480226635cd5
--- /dev/null
+++ b/python/testData/formatter/ifConditionContinuation.py
@@ -0,0 +1,3 @@
+if (some_long_condition or
+    another_long_condition):
+    pass
diff --git a/python/testData/formatter/ifConditionContinuation_after.py b/python/testData/formatter/ifConditionContinuation_after.py
new file mode 100644
index 000000000000..2a968f4d0c9a
--- /dev/null
+++ b/python/testData/formatter/ifConditionContinuation_after.py
@@ -0,0 +1,3 @@
+if (some_long_condition or
+        another_long_condition):
+    pass
diff --git a/python/testData/wrap/BackslashOnWrap.after.py b/python/testData/wrap/BackslashOnWrap.after.py
index 279565e6743f..65995c3264cc 100644
--- a/python/testData/wrap/BackslashOnWrap.after.py
+++ b/python/testData/wrap/BackslashOnWrap.after.py
@@ -1,4 +1,4 @@
 def copy_location(new_node, old_node):
     for attr in 'lineno', 'col_offset':
         if attr in old_node._attributes and attr in new_node._attributes and \
-           hasattr(old_node, attr):
\ No newline at end of file
+                hasattr(old_node, attr):
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/PyFormatterTest.java b/python/testSrc/com/jetbrains/python/PyFormatterTest.java
index caffdcfc185c..3a843a51a3df 100644
--- a/python/testSrc/com/jetbrains/python/PyFormatterTest.java
+++ b/python/testSrc/com/jetbrains/python/PyFormatterTest.java
@@ -264,6 +264,10 @@ public class PyFormatterTest extends PyTestCase {
     doTest();
   }
 
+  public void testIfConditionContinuation() {  // PY-8195
+    doTest();
+  }
+
   public void testIndentAfterBackslash() {
     doTest();
   }