In a move that signals a dramatic escalation in the economic confrontation with Russia, the United States has imposed major new sanctions on Rosneft and Lukoil—the country’s two largest oil companies.
Russia’s economy is officially contracting, according to figures released by the Central Bank of Russia, signaling that President Vladimir Putin’s war-driven economic model has entered a full-blown recession. The data highlights
China’s President Xi Jinping and Russia’s President Vladimir Putin are set to participate in the upcoming BRICS trade summit, signaling continued cooperation between the two global powers even as India’s Prime Minister Narendra Modi will not
Russia’s state-controlled energy giant Rosneft has signed a major agreement to increase crude oil deliveries to China, signaling the deepening energy partnership between Moscow and Beijing and underscoring the shifting
Estonian Prime Minister Kaja Kallas has said the European Union cannot return frozen Russian assets without securing reparations for Ukraine, underscoring a growing consensus in parts of Europe that Moscow must be held financially
Russian President Vladimir Putin met this week with Indian Prime Minister Narendra Modi and Chinese President Xi Jinping in a high-stakes summit aimed at coordinating energy trade and securing long-term fuel supplies. The talks come as
In a major development that could reshape Europe’s human rights framework, Russia has announced its plans to withdraw from the Council of Europe’s Convention Against Torture and Other Cruel, Inhuman or
A major Lukoil refinery has reportedly halted its crude oil intake following a recent strike in Ukraine, raising concerns about supply disruptions in the global energy market. The incident underscores
Several Russian oil tankers, recently sanctioned by Western authorities, are idling off the Indian coast as uncertainty mounts over whether they will be permitted to unload their cargo. The ships,
Russian President Vladimir Putin has reaffirmed Moscow’s commitment to aiding Syria in its post-war reconstruction, pledging continued political, economic, and humanitarian support. Speaking at a high-level meeting, Putin emphasized that
