The Kremlin is paying approximately £140m per day for the price cap on Russian oil that was imposed by the G7 group.
Russia borrows record $56bn in a month as sanctions batter Putin, up more than 30pc compared to pre-war forecasts
Russia’s deficit increased to record levels in December, as sanctions on oil export revenues led to a drop in Russia’s budget. Vladimir Putin was also forced to spend more money
Russia “will not accept” a price cap on its oil
Russia will not accept a price cap for its oil and is looking at how to respond to it, the Kremlin stated in comments published Saturday in response to a
France becoming ‘irrelevant’ in Ukraine conflict
Warning: Macron is not doing his part in the conflict as well as countries like the UK and the US.
A Garrison of Russians Forces are Encircled in Lyman, Ukraine
According to reports, Ukrainian forces are surrounded by Russian troops in Lyman, an eastern city. This is just a day after President Vladimir Putin claimed the region as Russia’s.
When EU embargo comes, where will Russia sell its crude oil?
Russia has increased oil shipments to Asia after Europe imposed severe sanctions. However, it needs to re-route more than a quarter of its crude oil exports from Europe.
Putin Prepares 43% Defense Spending Increase in the Face of a Longer War
As Russia adjusts its budget to support a longer, more costly war in Ukraine, President Vladimir Putin plans to spend much more on the military over the next two years
Putin’s “partial mobilization” will send tens of thousands of people to their deaths
Russian President Vladimir Putin announced that 300,000.00 reservists would be drafted into the army as part of partial mobilization.
Turkey seeks missing Thodex cryptocurrency exchange CEO
Turkish authorities are seeking jail sentences for founders and executives at the Thodex cryptocurrency exchange. This is just one year after it stopped trading and its chief executive vanished.