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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
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
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
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
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
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
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
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
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
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
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
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
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
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
A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.
The owner of the Scheherazade yacht is Eduard Khudainatov, but he's merely the "straw owner" of the…
Huileng Tan
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
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
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
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
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…