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

Western sanctions widened discounts on Russian crude in 2025, cutting export revenues sharply and forcing a strategic shift ...

Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and customers weigh growing sanctions ...

Russian oil companies sharply cut crude oil production in December 2025, recording one of the worst levels in the past 18 months, according to Ukraine’s Foreign Intelligence Service. Production falls ...

Heavy smoke rises over the Moscow Oil plant in the southwest suburb of the Russian capital 21 August. Multiple petrochemical targets were hit in Russia by Ukrainian drones. (Photo by ALEXANDER NEMENOV ...

India is expected to import 1.1 million barrels per day (bpd) of Russian crude in December—volumes that would be sharply down from November and the lowest level in just over three years, as U.S.

By Nidhi Verma and Jarrett Renshaw NEW DELHI, Jan 30 (Reuters) - The United States, which imposed tariffs on India last year for buying Venezuelan oil, has told Delhi it can resume those purchases ...

Beijing’s reliance on discounted crude from Russia, Iran, and Venezuela is colliding with political reality, and the strains are starting to show.