US sanctions ignite $22B Lukoil asset fire sale
Exxon and Chevron circle Iraq and Kazakhstan assets as markets worry about oversupply.
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Money Matters
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380M barrels stranded as Ukraine’s oil war hits exports
Three tankers sit empty offshore as a 2.2-mile oil slick spreads into Black Sea.
Ukrainians hoard record cash as Russian grid attacks cut power
The third quarter delivered Ukraine’s fastest cash surge since the war began.
Russia’s ghost fleet circles the oceans as buyers vanish
Major oil refineries in India and China increasingly refuse Russian deliveries.
Revenue rises, taxes fall: Ukraine’s budget twist explained
Government revenue exceeded targets by 3.1% through October—revealing unexpected fiscal resilience.
Ukraine risks €50 billion as EU warns anti-corruption agencies failing
The European Union shifted Tuesday from quiet support to formal warnings about Ukraine’s anti-corruption institutions.
Ukraine’s $8 billion IMF loan trapped by Belgium’s frozen assets veto
Ukraine’s $8 billion IMF loan hangs in balance
Ukraine detains energy chief who brought in $1.5 billion from the West
Critics call former Ukrenergo chief's arrest political persecution.
Ukrainian businesses earn more, pay less—hurting the defense budget
Ukraine’s defense now depends entirely on taxes—yet businesses are paying less even as their revenues grow.
The money Ukraine can actually use from Russian assets is vanishing while Belgium blocks €193bn
Dwindling interest rates slash Ukraine's accessible share. Meanwhile, Belgium raked in €1.7 billion in taxes on keeping those assets frozen.
Sanction me softly: Trump, Orbán, and the oil that binds them
Trump sanctions the companies supplying his closest European ally, who immediately announces plans to evade them.
Frozen billions, frozen will: Belgium stops Europe’s Russian assets plan cold
Brussels won’t share. Belgium won’t pay alone. Ukraine waits.
Frozen assets, hot politics: How Brussels fell for its own fear fantasy
Brussels holds €183 billion in frozen Russian assets—and Belgium wants guarantees before Ukraine can use them.
What does a refinery blaze in Hungary tell us about Central Europe’s addiction to Russian energy?
Fire cripples Hungary’s main refinery as Serbia faces energy shutdown.
Russia has 18 months of war funding left—and China just said no
How long can Russia’s economy last? Economist breaks down the timeline
German giant’s Russia exit collapses—Knauf still funds Putin’s war economy
Construction company picked to build Putin's nuke sites promised to leave. It didn't.
Putin’s budget exposes who pays for Russia’s war economy
Kremlin staff get $18M in raises while World Bank predicts Soviet-style economic stagnation.
How Ukraine’s battlefield radios seduced NATO
A startup supplying the US Air Force delivers radios designed against Russian jamming.
$2.8 billion emergency plan tests Ukraine’s winter resilience
The country now depends on imports to meet a 1 November storage target that is only enough for a mild winter.
Ukraine sold its largest construction company. Then the questions started.
Auction screened out one problematic bidder, but the runner-up raises unanswered questions.