Sanctions
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Western sanctions and drone strikes erode Russia’s energy revenues
MOSCOW, July 14 — Russia’s energy sector, long the financial backbone of the Kremlin’s war machine, is showing…
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How the G7 Oil Price Cap Pushed Russian Crude onto a Shadow Fleet
LONDON, July 19 — The price cap on Russian crude oil, a central plank of Western sanctions since…
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NYT: US-Russia Talks Now Include Multibillion-Dollar Deal for Lukoil’s Global Assets
Moscow, October 3 — According to a report by The New York Times, the United States and Russia…
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Ukraine’s Drone Campaign Squeezes Russian Oil Export Revenue
MOSCOW, July 14 — Against this backdrop of sustained Western sanctions and a grinding war of attrition, Russia’s…
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Russia’s Shadow Fleet: How Aging Tankers Evade Western Oil Sanctions
BRUSSELS, July 16 — Against this backdrop of escalating economic warfare, the European Union’s 21st sanctions package has…
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Sanctions on Russia: From the 2014 Crimea Measures to the 2022 Invasion and After
BRUSSELS, July 27 — The tally of international sanctions on Russia has now passed 16,000 since 2022. On…
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Russia’s Central Bank Sells Gold for a Tenth Straight Month, Ukrainian Intelligence Says
MOSCOW, July 21 — The shift in global gold flows is becoming harder to ignore. Russia, the world’s…
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Higher Oil Prices Give Russia More Time to Pay for the War
MOSCOW, July 11 — The shift is already underway in global energy markets, and Russia’s oil sector is…
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Ukraine’s Drone Campaign Reaches Russia’s Largest Refinery in Siberia
MOSCOW, July 7 — A strike on the Omsk refinery has introduced a new variable into Russia’s domestic…
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Iran’s Oil Exports Fall Over 80% as US Sanctions and Naval Blockade Bite
TEHRAN, July 9 — Iran’s position as a major player in global oil markets has grown more precarious,…
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Ukrainian Drones Hit Russia’s Largest Oil Refinery in Omsk, Siberia
ST. PETERSBURG, July 7 — The shift is unmistakable: a strategic strike on a flagship refinery has opened…
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Ukraine Hits Omsk Oil Refinery in Deepest Strike of the War, Moscow Responds
OMSK, July 7 — The shift is quiet, but its implications are enormous. Russia’s largest oil refinery, the…
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Ukrainian Drones Hit Gazprom Neft’s Omsk Refinery, 2,500 Kilometers From the Border
SAINT PETERSBURG, July 7 — Gazprom Neft, Russia’s third-largest oil producer and a subsidiary of the state-controlled gas…
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Ukrainian Drones Hit Russia’s Largest Refinery in Omsk a Second Time
OMSIK, July 7 — The shift is geographic as much as strategic. Russia’s largest oil refinery, the Omsk…
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Ukrainian Drones Strike Gazprom Neft CEO’s Siberian Refinery
LONDON, July 7 — Alexander Dyukov, the chief executive of Gazprom Neft, has spent more than a decade…
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Ukrainian Drone Strike Halts Omsk Refinery, Russia’s Largest, Reports Say
SAN PIETROBURGO, July 7 — The shift is subtle but real. When a drone strike hits Russia’s largest…
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Ukrainian Drones Set Fire to Ilsky Oil Refinery in Russia’s Krasnodar Krai
MOSCOW, July 7 — The mechanics here are worth following closely. Russia’s oil and gas sector accounts for…
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Fuel shortages grip Russia as war strains supply chains
MOSCOW, July 3 — The shift is subtle but unmistakable. As Russia intensifies its military campaign against Ukraine,…
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Alberta Wildfires and U.S. Sanctions Hit Canadian Energy Hard
EDMONTON, June 28 — 344,000 barrels per day offline. That is the figure that matters in Alberta right…
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Wildfires and U.S. sanctions deliver dual blow to Western Canada energy
The math is brutal and it comes in two parts. For Western Canada’s energy sector, June has become…
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Sanctions Since 2022 Squeezed Russia Oil and Gas Export Earnings
LONDON, July 15 — The mechanics of Western sanctions on Russia have shifted from shock-and-awe to a grinding…
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U.S. Sanctions Target Iran’s Oil Smuggling as Exports Slip Past Curbs
TEHRAN, July 13 — For Americans used to thinking of Iran as a pariah state whose economy is…
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How Western Sanctions Have Reshaped Global Energy Markets Since 2014
BRUSSELS, July 16 — The shift is almost a decade in the making, and it keeps accelerating. International…
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Russian Business Jet Crash Kills 10, Including Wagner Group Leaders
On August 23, 2023, an Embraer Legacy 600 business jet crashed in Tver Oblast, killing all ten people…
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