Zelenskyy demands tougher sanctions as Russia’s oil revenues plunge 27%
Ukraine proposes targeting energy profiteers and child abductors in 20th EU package
Browsing Tag
Russian oil revenues
6 posts
Moscow’s oil income squeezed as market surplus overwhelms war premium
Russian oil revenues hit wartime low as oversupply overwhelms geopolitics.
ISW: Moscow scrambles to downplay EU’s crushing new sanctions
Russia’s top officials claim immunity, but signs of economic strain are beginning to show beneath the surface.
Politico: Middle East tensions derail EU plan to slash Russian oil price cap aimed at squeezing war funding
The proposed reduction from $60 to $45 per barrel was originally included in the EU's 18th sanctions package expected for adoption in June but abandoned after G7 countries agreed the timing was inappropriate as "the situation is too volatile."
EU pays Russia more for fossil fuels than it gives Ukraine in aid, report finds
Despite public declarations of support for Ukraine, most major European powers commit minimal percentages of their economies to aid, while simultaneously purchasing Russian fossil fuels worth €3.2 billion more than their financial assistance to Kyiv in 2024, helping Russia to fund its war against Ukraine.
Drone strike halts operations at key Russian military fuel supplier
Locals in Russia's Samara Oblast reported hearing at least three explosions at night and seeing fire as drones struck the Syzran oil refinery, contradicting official statements that "no major damage occurred."