Russia’s oil money is drying up—so its own people are paying for the war
Fresh figures show the Iran oil windfall came and went—and Russia, further behind than before, is now reaching for pensions and paychecks.
Browsing Tag
Russian oil revenues
15 posts
Russia hit a record oil revenue month—yet the federal budget still came up short
Sberbank’s CFO forecasts the ruble will fall to 90 per dollar. Three ports already show 13–43% drops.
The Gulf realigns as the UAE walks out of OPEC
Less oil money for Moscow. The architecture is fracturing—but no Kremlin collapse.
Russia’s governor said a pipeline was hit in Primorsk. Two hours later he said it wasn’t. NASA showed a fire at the tank farm
Leningrad Oblast governor Drozdenko revised his account of the 5 April drone strike on Primorsk — scrapping the pipeline damage claim and saying shrapnel had hit a fuel tank — while satellite data pointed to fire at the oil depot, not a pipeline at all.
Ukraine struck a refinery 800 km inside Russia — then hit the power plant keeping it running
The Lukoil-Nizhegorodnefteorgsintez facility in the Volga region, one of Russia's largest refineries by volume, processes up to 17 mn tonnes of crude a year and is a key supplier of petrol to Moscow Oblast.
Bilateral deals for Washington, maximalist war aims for Moscow — ISW maps the Kremlin’s two-track play
While Lavrov blamed Ukraine and the EU and railed against Western security guarantees, Kremlin officials were at the same time calling on Washington to lift “illegal” sanctions and calculate the price of frozen US–Russian commerce.
$1 billion in trade cuts, a crude oil shipping ban, and a crypto crackdown: what the EU’s proposed sanctions package would hit
Von der Leyen urges member states to endorse the package before the war's fourth anniversary, citing Russia's 24% oil revenue collapse as proof that sanctions work
What Ukraine’s new sanctions say about Russia’s deepening oil crisis (INFOGRAPHIC)
Kyiv’s 13th synchronized package arrives as Russia’s oil sector shows signs of systemic crisis.
Russia can’t rebuild its oil capacity—and the global market will feel it (INFOGRAPHIC)
Deutsche Bank sees a 2 million-barrel surplus in 2026, but chronic funding gap sets up a post-2027 supply shock.
Zelenskyy demands tougher sanctions as Russia’s oil revenues plunge 27%
Ukraine proposes targeting energy profiteers and child abductors in 20th EU package
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."