The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

In November, the gap between Brent — the international oil benchmark now trading at its lowest level since 2021 — and Russia’s main Urals blend roughly doubled month on month, after the US imposed ...

Low oil prices, a global glut of crude, a strong ruble, and sanctions are all weighing on Russia’s oil and gas revenues. As a ...

Russian oil exports account for 30 percent of government income. Western efforts to defeat or degrade these exports have largely failed. There are too many ways for Russia to circumvent the sanctions.

Russia's oil and gas revenues are expected to fall sharply this year, pressured by lower global oil prices and a stronger ...

Russia's oil and gas revenues fell sharply in November, representing a 35% decline from the previous year, which creates immediate fiscal strain for a federal budget heavily reliant on energy cash ...

As Ukrainian attacks on Kazakhstan’s primary oil export route intensify, the Central Asian state has moved to deepen ...

Russia's economy grew by one percent in 2025, President Vladimir Putin said on Tuesday, marking a much slower expansion ...

While Ukraine peace proposals pingpong across the Atlantic, Russia and Ukraine fight naval warfare — 21st century-style. Yesterday, Russian drones and missiles hit three Turkish ships in two Ukrainian ...

Russia’s economy is showing mounting signs of stress as the prolonged war in Ukraine continues to drain state finances and squeeze private industry. Western sanctions, rising prices and tighter credit ...

Russia’s revenues from its oil and gas industry, vital to financing its war in Ukraine, dropped to a five-year low in 2025 as crude prices slumped and gas exports declined. The nation’s budget ...

A Ukrainian drone strike on a Russian oil-loading facility near Novorossiysk has disrupted oil exports, impacting both Russia and Kazakhstan. Kazakhstan relies on this route for 80 percent of its oil ...