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
