On Friday, January 20, Deputy Secretary of the US Treasury Wally Adeyemo met with Deputy Ministers representing the global coalition of countries imposing the price cap on seaborne Russian crude oil (the Price Cap Coalition), US Treasury...
On 2 December, the US Department of Treasury reported that following the agreement by the 27 EU member states, the members of the G7 (the US, Canada, France, Germany, Italy, Japan, and the UK) and Australia are “joining the EU in...
Diplomats from the European Union agreed on Friday to set a top price of $60 per barrel for Russian oil cargoes, according to Andrzej Sados, Poland’s ambassador to the bloc and a key negotiator of the policy, as well as other E.U....
Many commentators in Russia and the West are suggesting that Moscow is panicking about the consequences of the new personal sanctions the US is planning to impose in early February and that this reaction may prompt the Kremlin to change...
Over the past year, the editors of Nezavisimaya gazeta point out, the price of oil has risen by 60 percent but Russia’s GDP and per capita incomes have continued to fall, a pattern at odds with what most expected and one that points...
Just how disastrous Vladimir Putin’s decision to rely on the export of oil rather than to modernize and diversify the Russian economy is going to become ever more obvious in the coming years given that world prices of oil may fall...
Moscow’s primary goal in Syria is not to support its ally Bashar Assad against all challenges but rather to destabilize the situation in the Middle East, undercutting the influence of the West and boosting its own; and to that end,...
The economic sanctions the West imposed on the Russian Federation turned out to be not the only challenge to the weak budget of this country which unfolded a military campaign in Ukraine. Another, much more effective blow to the Russian...
Oil prices in the world continue falling. They have fallen to the lowest level in the past four years. In particular, Brent oil cost $82 per barrel at times. Why is this happening, in your opinion? The thing is that oil reserves in...
In 2014, after the first Russian invasion of Ukrainian territory in the Donbas, soldiers who had lost limbs in battle were seen for the first time in public as they returned home. Since the full-on invasion by Russia in February 2022, the...
