Western nations implemented far-reaching sanctions against Russian crude oil and oil products as a measure to reduce Russia’s oil revenues.
In a year marked by sanctions, Russia accumulated an offshore cash reserve of $80 billion
Amid the ongoing sanctions and amid the US and its allies’ efforts to tighten them over the invasion of Ukraine, Russia has managed to stash roughly one-third of its $227
Protesters outside the Russian Embassy in London have painted a giant Ukrainian flag
The enormous blue and yellow flag, which was subsequently carried by passing vehicles, was claimed by the campaign group Led By Donkeys.
Putin sends record amounts of oil to China, the highest oil flows since the invasion of Ukraine
Last month, Russia’s exports of discounted crude and fuel oil to China hit a record high as Vladimir Putin sought to evade Western sanctions against Moscow.
Ukraine conflict has had a financial impact of £1,000 per adult in the UK.
As it became clear that the UK’s dependence on gas is what caused the rise in bills, the energy crisis resulting from the war with Ukraine cost an equivalent of
Russia attempting to sabotage North Sea energy assets
The Dutch Military Intelligence and Security Service (MVID) has reported that a Russian vessel collecting intelligence on energy infrastructure was detected at a North Sea wind farm.
Russian Shadow Fleet – Dark fleet expected to keep diesel flowing after ban
To bypass sanctions, Russia initially deployed a small group of oil tankers. However, now, hundreds of fuel vessels are trying to conceal their destinations from public view.
Russia is selling the equivalent of £100m worth of foreign currency a day, cuts oil production
Russia is selling foreign currency worth approximately £100m each day in an effort to balance its books while coping with towering spending and plummeting energy revenue due to the ongoing
Russia brushes off sanctions to push oil drilling to decade-high in 2022
Russia drilled the most oil wells in Russia in the past decade, even though giants such as BP and Shell left the country.
As Russia intensifies its attack on Ukraine, Ukraine pleads for ammunition immediately
Ukraine has asked its allies to supply ammunition and artillery “immediately”, warning that it is short of stocks to protect against a Russian offensive Kyiv fears.
Europe’s Fossil Fuel Use Is Set to Plummet in 2023
As the European Union focuses on renewable energy sources to replace Russia’s energy supply, the amount of electricity generated from fossil fuels is expected to plummet.