Vladimir Putin has claimed Russia was forced to “strike back pre-emptively” against Ukraine, adding that the Kremlin’s troops were fighting “on their own land” in the conflict, just as Soviet Continue Reading
Russian President Vladimir Putin, speaking from Moscow’s Red Square on Victory Day, did not use his speech to announce plans to intensify the war against Ukraine or order the mobilization Continue Reading
Sergei Shoigu, the consummate survivor of Russian politics, has always had a knack for PR.The 66-year-old Russian defense minister for years presided over theatrical exercises, rattled off statistics about personnel, Continue Reading
Estimated 1 mil b/d impact not intended sanctions consequence Indian refiners still have an appetite for Russian crude OPEC spare capacity could reach ‘alarming’ point Western economic and financial sanctions Continue Reading
Gazprom PJSC has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying Continue Reading
Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion. Several Continue Reading
President Vladimir Putin will send a “doomsday” warning to the West when he leads celebrations on Monday marking the 77th anniversary of the Soviet Union’s victory over Nazi Germany, brandishing Continue Reading
Russia narrowly avoided a debt default last week, but markets are still priced like it’s on the brink. Bonds are stuck at distressed levels and five-year credit default swaps put Continue Reading
Russia’s Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country’s top refiner, two traders familiar Continue Reading
PetroChina said it plans to boost its exploration and production efforts. Bloomberg News PetroChina Co. isn’t seeking any discounted Russian oil and gas and is only purchasing fuel from the Continue Reading
The European Commission has proposed changes to its planned embargo on Russian oil in a bid to win over reluctant states, three EU sources told Reuters on Friday. The tweaked Continue Reading
Four main corridors see flows of 8.27 Bcm last month Deliveries lower via Ukraine transit corridor on price TurkStream gas flows drop below 1 Bcm in April Physical Russian gas Continue Reading
Boost in demand from China, and India could act as a trigger Biden administration urged to set up escrow accounts Tight global oil supplies complicate enforcement efforts Risks are rising Continue Reading
Kremlin said the plan will be very costly for the bloc Von Der Leyen Says EU Plans to Phase Out Russian Oil Bloomberg News The European Union’s proposal to ban Continue Reading
The European Union aims to cut off Sberbank (SBER.MM) , Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial markets Continue Reading
The Kremlin on Wednesday dismissed speculation that President Vladimir Putin planned to declare war against Ukraine and declare a national mobilisation on May 9 when Russia commemorates the Soviet Union’s Continue Reading
A series of attacks inside Russian territory and unexplained explosions at Russian targets near the border with Ukraine have expanded the scope of the conflict in recent weeks, underscoring Russian Continue Reading
The United States has provided intelligence about Russian units that has allowed Ukrainians to target and kill many of the Russian generals who have died in action in the Ukraine Continue Reading
Russia’s oil output is plummeting, and the decline is expected to worsen in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per Continue Reading
Would only commission one line if Germany reverses opposition Second line would only be available from 2028 Nord Stream 2 certification process currently suspended Russia’s Gazprom said May 5 it Continue Reading
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with Continue Reading
Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior U.S. officials say they have not detected overt Chinese military and economic support, Continue Reading
As Russia races to avoid a default at least one international clearinghouse has reportedly received and processed payments for eurobonds due in 2022 and 2042. Russia’s closely watched dollar payments Continue Reading
Within the next few days, it seems increasingly likely that the European Union will announce some kind of gradual embargo that prevents member states from purchasing Russian oil in response Continue Reading
Europe will continue buying Russian oil via third countries once it introduces an embargo, RIA news agency cited Vladimir Dzhabarov, first deputy head of Russian upper house’s international affairs committee, Continue Reading
Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin’s toughest response yet to the sanctions burden imposed by the Continue Reading
Shipping group Maersk (MAERSKb.CO) made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Continue Reading
The European Union’s chief executive on Wednesday proposed a phased oil embargo on Russia, as well as sanctions on its top bank and to ban Russian broadcasters from European airwaves, Continue Reading
Russia’s decades-long dominance of Europe’s energy market is crumbling, and the biggest blow is expected this week as the European Union moves toward a ban on Russian oil. On Wednesday, Continue Reading
Standard Chartered expects the energy market to be surprised at the speed of contraction of Russian energy flows into Europe in coming months. EU countries have paid Russia just over Continue Reading
Goldman Sachs Group Inc (GS.N) reduced its total credit exposure to Russia to $260 million in March from $650 million at the end of 2021, the bank said in a Continue Reading
At the conclusion of its Monday meeting, the European Union has said it will not heed Russian demands to pay for gas in rubles, with a mid-May deadline for payment Continue Reading
Finland has canceled its contract with Russian state-owned power giant Rosatom for a new nuclear power plant over the war in Ukraine. Fennovoima, a Finnish-led consortium, said on Monday it Continue Reading
Daily nominations, or requests, for Russian gas deliveries through Ukraine into Europe via the Slovakian border point of Velke Kapusany rose to their highest since the end of November on Continue Reading
Inflation has surged in Russia as sanctions ratcheted up the price of imports. Russia is assembling an economic relief package equivalent to tens of billions of dollars to soften the Continue Reading
In his two-bedroom Moscow apartment, 35-year-old start-up wizard Pavel Telitchenko spent years mulling a move from Russia, fearing the gradual rise of a police state. Then, three days after the Continue Reading
For more than a decade, U.S. cybersecurity experts have warned about Russian hacking that increasingly uses the labor power of financially motivated criminal gangs to achieve political goals, such as strategically Continue Reading
A fuel depot in Russia burst into flames, moments after surveillance video captured the bright streaks of rockets fired from low-flying helicopters. A fire broke out at a military research Continue Reading
Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing Continue Reading
The United States does not believe that there is a threat of Russia using nuclear weapons despite a recent escalation in Moscow’s rhetoric, a senior U.S. defense official said on Continue Reading
Russia is running short of precision missiles in its war against Ukraine and its arms factories lack the ability to produce enough to keep up with demand, western officials have Continue Reading
Russia’s offensive in eastern Ukraine appears to be faltering , as its troops suffer battlefield losses and logistical and morale problems similar to those they faced in the war’s first Continue Reading
Members of the European Union are expected to agree on an embargo of Russian crude oil imports as early as next week, according to officials, in a move that would Continue Reading
Western sanctions on Russia are beginning to sting, despite President Vladimir Putin suggesting otherwise. Inflation in Russia is expected to soar to 22% this year, with the IMF chief economist Continue Reading
Germany is now ready to stop buying Russian oil, clearing the way for a European Union ban on crude imports from Russia, government officials said. Berlin had been one of Continue Reading
European Commission President Ursula von der Leyen says the move by Russia to halt gas delivery to certain European Union member states is a form of blackmail. “The era of Continue Reading
The Kremlin has sought to minimize discussion of Russian war losses inside Ukraine. But apparent Ukrainian attacks on Russian soil in the past week highlight how the conflict has spilled Continue Reading
ExxonMobil continuing efforts to exit project Russian crude trading at significant discounts ExxonMobil’s Russian subsidiary Exxon Neftegas has declared force majeure for its Sakhalin 1 project, a spokesperson told S&P Continue Reading
European Commission President Ursula von der Leyen says the move by Russia to halt gas delivery to certain European Union member states is a form of blackmail. “The era of Continue Reading
Russia’s Gazprom (GAZP.MM) expects about a 4% fall in gas output this year, Deputy Chief Executive Vitaly Markelov told an inhouse magazine on Thursday, in another sign of the impact Continue Reading
