Russia’s crude oil output increased modestly in October even as state revenues from the oil and gas sector continued to decline sharply.
The US doubled down on its latest sanctions by appearing to cancel Gunvor’s deal with Russian oil major Lukoil, labelling the trader a “Kremlin puppet.”
Ukrainian forces are struggling to hold their positions in the eastern city of Pokrovsk and nearby Myrnohrad, where Russian troops are intensifying their offensive.
Local media outlets indicate that graft may be involved.
Poland will seek to become a regional distribution centre for American gas to supply neighbouring Slovakia and Ukraine, President Andrzej Nawrocki said while on a visit to Bratislava.
Bulgaria is preparing to take control of Russian oil company Lukoil’s Burgas refinery, the country’s only oil-processing facility, to protect it from US sanctions.
Azerbaijan has lifted all post-war restrictions on freight transit to Armenia.
The battle for Pokrovsk is raging and the Armed Forces of Russia (AFR) have captured half the city, but the situation is very confused. Reports from the city say there is no frontline as the Russians are using a “Brownian motion” tactic.
Foreign companies in Russia paid at least $20bn in taxes in 2024 alone, and cumulative tax payments since early 2022 exceed $60bn.
A prominent Russian lawmaker has suggested that Moscow could supply Venezuela with advanced weapons systems, including the new Oreshnik ballistic missile, as Caracas desperately seeks military assistance amid the escalating US military build-up.
The stronghold city of Pokrovsk in the heart of the Donbas now risks “becoming a graveyard for Ukraine’s finest,” Euromaidan Press reports as Russian forces expand their control and threaten to encircle hundreds of Ukraine’s best troops.
Russia’s automotive industry — once a symbol of the country’s industrial ambitions — has entered another sharp downturn, reversing the fragile recovery seen in 2023 and early 2024.
After more than three years of throwing their support behind Kyiv’s defence of Ukraine following Russia’s invasion and pushing a narrative of “stand with Ukraine for as long as it takes,” the Western press has turned starkly negative in recent weeks.
Russia’s manufacturing sector saw a deeper contraction in October, with output, new orders, and business confidence all weakening, according to the latest Purchasing Managers’ Index (PMI) data from S&P Global, published on November 1.
Russia has launched a new strategic nuclear submarine, the Khabarovsk, which is capable of carrying a dozen of the Kremlin’s recently unveiled nuclear-powered Poseidon torpedo—a next-generation weapons system that Putin called "unstoppable."
The battle for Pokrovsk became intense early on November 1and it looked like the fall of the key logistics hub to Russia was imminent. But a bold counterattack by Ukraine’s elite HUR forces seems to have turned the tide.
The Trump administration has reportedly drawn up a list of potential military targets within Venezuela as part of its intensifying pressure on President Nicolás Maduro, who has turned to Moscow seeking urgent military assistance.
Bulgaria has temporarily suspended exports of petroleum products to European Union countries after the United States imposed sanctions on Russian oil giant Lukoil.
Russia is expected to lose at least $50bn annually due to oil-related sanctions, as Moscow’s largest private oil producer Lukoil agrees to sell its international assets and Germany considers nationalising operations owned by state-run Rosneft.
Russian infantry units have breached Ukrainian defensive lines and entered the key eastern logistics hub of Pokrovsk, sparking intense street fighting and threatening to encircle Ukrainian forces as the situation becomes "critical."