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The Russian Currency Collapse Just Wiped Out Nearly $3 Billion Of Rosneft's Profits

As a testament to its recent struggles, Rosneft had earlier seen a request for 2 trillion rubles fr…

Tomas Hirst,Tomas Hirst   


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2 mins read

Russian Oil Giant Rosneft To Issue $6.1 Billion Of Bonds Amid Fears Of Another Ruble Rout

However, there are grounds to doubt the companies assurances this time as well. Rosneft is due to s…

Tomas Hirst,Tomas Hirst   


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A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime

The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% to tame inf…

Huileng Tan   


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Russia's business elites signal they are tired of propping up the wartime economy

Russia's key interest rate already stands at 16% and analysts polled by Reuters expect the central …

Huileng Tan   


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Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions

The largest refiners in India had been in discussions with Rosneft to receive a third of the countr…

Yuheng Zhan   


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Russia’s energy trade with India could be strained amid fresh sanctions, report says

New restrictions on Moscow could mean higher freight costs and a lower discount on Russian crude, s…

Filip De Mott   


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Putin could struggle to end the war in Ukraine because it's making some poor Russians richer

Russia's production in war-related industries rose 60% from the fall of 2022 to the spring of 2024.…

Huileng Tan   


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Russia wants to topple dollar dominance, but it isn't even able to deliver oil to India with alternative currencies

A Rosneft unit selling Sokol oil in Russia hasn't been able to open a bank account in the UAE to a…

Huileng Tan   


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Audacious Ukrainian drone attacks keep doing massive damage to Russia's oil industry

Ukraine launched a new wave of drone attacks Wednesday on oil refineries in western Russia.

Tom Porter   


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Russia's April oil and gas revenue could double despite Ukraine hammering its oilfields with drones, report says

Reuters projected Russian oil and gas revenue for April to come in at 1.292 trillion rubles, up fro…

Cameron Manley   


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Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to

Ukraine targeted two Russian oil refineries on Friday night, despite US warnings, as Russia's oil p…

Rebecca Rommen   


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Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports

The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…

PTI   


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Videos show a massive fuel tank explosion after a suspected drone strike in Putin's prized resort town

People living nearby said they heard sounds resembling a "moped" before a loud explosion, according…

Matthew Loh   


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An Austrian former minister who controversially danced with Putin at her wedding flew to Russia with her ponies on a military plane, says report

An Austrian former foreign minister has relocated to St. Petersburg along with her ponies, thanks t…

Alia Shoaib   


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Huileng Tan   


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Germany's takeover of Russian refineries frees the nation from dependence on Moscow, Chancellor Olaf Scholz says

"We are making ourselves independent of Russia, and any decisions that are taken there," Scholz sai…

Phil Rosen   


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Russia pleads with India for help avoiding financial black list, warning oil and weapons deals are at risk, report says

An FATF blacklisting would put Moscow in the same category as North Korea, Iran, and Myanmar.

Filip De Mott   


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Saudi Arabia's Kingdom Holding invested over $500 million in Russian energy companies around the time Russia invaded Ukraine

Kingdom Holding posted details of the transactions into Russian energy companies Gazprom, Rosneft, …

Huileng Tan   


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Russia should nationalize main parts of its economy to boost war efforts, says Kremlin law enforcement official

The head of Russia's crime agency, who reports directly to Vladimir Putin, suggested that key parts…

Phil Rosen   


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2 mins read

Putin ordered 2 Western corporate giants to be seized after Kremlin-friendly businessmen expressed an interest in them: report

Putin signed off on the seizures of Danone and Carlsberg on Sunday. A Chechen minister and a busine…

Huileng Tan