Russia’s public budget deficit could reach between 3.5% and 4.4% of gross domestic product by the end of 2026, nearly three times the official target of 1.6%, according to calculations seen by
India retained its position as the second-largest buyer of Russian crude oil in October, trailing only China, according to data from the European think tank, the Center for Research on Energy and
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Around 1.4 million barrels per day of Russian oil — nearly a third of the country’s seaborne export capacity — are currently being held in tankers as sanctions imposed by the United
More A liquefied natural gas tanker reportedly helping Russia bypass U.S. sanctions has been caught faking its location, according to satellite imagery analyzed by Bloomberg News. The CCH Gas vessel, registered to an
More India’s state-run refiners are exploring whether they can continue sourcing discounted Russian oil by turning to smaller suppliers, after the U.S. blacklisted major energy firms Rosneft PJSC and Lukoil PJSC last week,
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German Chancellor Friedrich Merz has expressed confidence that the United States will grant an exemption for the German subsidiary of Russia’s state-owned oil giant Rosneft from the latest round of US sanctions.
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The United States is ramping up efforts to pressure G7 allies to impose steep tariffs on India and China for purchasing Russian oil, in a bid to force Moscow into peace talks
More Russia’s oil production and exports are projected to remain stable this year, even as the industry faces its most difficult period since the Covid-19 pandemic, according to Moscow-based Kasatkin Consulting. The firm
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US Treasury Secretary Scott Bessent said some of India’s wealthiest families benefited from purchases of Russian crude, while reaffirming plans to raise tariffs on the country, Bloomberg reports. In a CNBC interview,
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Russia has significantly increased its export revenues despite sweeping Western sanctions, according to a new report by the German Economic Institute. The study, published Friday, found that Moscow boosted its exports to
More India’s crude oil imports from Russia witnessed a significant decline in February, reaching their lowest level since January 2023. The downturn follows the latest round of sanctions imposed by the United States
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As war approaches Moscow, with Ukraine retaliating through drone attacks and Britain training 42,050 Ukrainian soldiers since the invasion, there is growing concern that British soldiers and their training camps may be
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