Russian oil sanctions

EU to shut backdoor: Commission moves to fully block Russian oil

The European Commission has proposed a ban on the purchase of oil products made from Russian crude as part of its 18th sanctions package against Russia, Ukraine’s Foreign Intelligence Service (SZR) reported on June 12.

12 June 2025, 05:11 PM

Moscow’s rainy-day fund drops to $35B, lowest since 2008

Russia’s National Wealth Fund, the country’s key rainy-day reserve, saw its liquid assets shrink by 14% in May 2025 as war spending surged and global oil prices dropped, Bloomberg reported on June 4.

4 June 2025, 04:15 PM

Russia’s oil and gas revenue plunges 17% in March

Russia’s federal budget revenues from oil and gas dropped by 17% year over year in March 2025 — a decline of 230 billion rubles, bringing total energy income for the month to 1.08 trillion rubles, The Moscow Times reported on April 3.

3 April 2025, 02:39 PM

Trump says he's 'very angry' with Putin over Ukraine war

U.S. President Donald Trump told NBC News anchor Kristen Welker that he’s “very angry” with Russian President Vladimir Putin and is prepared to impose “secondary tariffs” on all Russian oil if Moscow fails to negotiate a ceasefire in Ukraine, NBC News reported on March 30.

30 March 2025, 07:28 PM

As peace talks stall, Russian oil flows surge

Russia’s oil exports climbed to a five-month high, Bloomberg reported on March 23, 2025, with crude flows averaging 3.45 million barrels per day over four weeks as US-brokered ceasefire talks over the war in Ukraine continue to stall.

26 March 2025, 11:15 AM

Germany seizes tanker from Russia’s shadow fleet

The German government has seized an oil tanker belonging to Russia’s covert “shadow fleet” — along with its valuable cargo — sending a strong message to Moscow, Der Spiegel reported on March 21.

22 March 2025, 07:15 AM

India ramps up U.S. oil imports while Russian crude faces new hurdles

India dramatically increased its oil imports from the United States in January, making Washington the fifth-largest oil supplier to New Delhi, Reuters reported on Feb. 18.

18 February 2025, 05:17 PM

Russia’s war chest grows: Oil boom fuels Kremlin’s war budget

Russia’s oil and gas revenues grew to about 30% of the federal budget in 2024 due to rising oil prices, Deputy Prime Minister Alexander Novak wrote in a column for Energy Policy.

30 January 2025, 06:45 PM

Ukraine holds the key: Plan to slash Russian oil exports by 30% gains traction

The latest U.S. sanctions package, introduced on Jan. 10, has already caused delays in Russian oil shipments, but there is a way to cut Russia’s exports by 30%, according to Serhii Makohon, former CEO of Ukraine’s Gas Transmission System Operator (2019-2022).

30 January 2025, 05:35 PM

Schlumberger defies U.S. sanctions, keeps its foothold in Russia’s oil sector

Despite a U.S. ban on oil-related services in Russia under the latest sanctions package, oilfield services giant Schlumberger (SLB) has no immediate plans to exit the country, The Moscow Times reports, citing Financial Times.

20 January 2025, 02:46 PM

Halting Russian oil transit through Ukraine risks major international fines

Stopping the transit of Russian oil through Ukraine to European countries would violate the Energy Charter Treaty and the EU Association Agreement and could result in penalties, Ukrainian Prime Minister Denys Shmyhal warned during a government Q&A session in Parliament on Jan. 10.

10 January 2025, 04:50 PM

Russian oil sanctions

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