Russian economy
Russian Oil Giant Lukoil to Divest International Assets Following US Sanctions Over Ukraine Conflict
Oct 28, 2025 05:54 am CST
Russian oil company Lukoil has begun the process of selling its international assets after being targeted by US sanctions related to the Ukraine war. The sanctions, imposed by President Trump, freeze Lukoil's US assets and prohibit American companies from doing business with the energy giant, which along with Rosneft accounts for 55% of Russia's oil production. Companies working with these Russian entities have one month to cut ties or face secondary sanctions.
US Sanctions on Russian Oil Companies: Impact on Global Markets and India's Energy Security
Oct 23, 2025 05:19 pm CST
The US has imposed significant sanctions on Russia's largest oil companies, Rosneft and Lukoil, in an effort to pressure Vladimir Putin to end the Ukraine war. These measures could substantially impact global energy markets, particularly affecting major Russian oil buyers like India and China. Indian state refiners are now reviewing their Russian oil trade documentation while balancing energy security concerns against international pressure. The sanctions mark a significant escalation in economic measures against Russia's primary revenue source and may reshape global energy trade patterns.
Russia Maintains Position as Top Global Oil Producer Despite Western Pressure, Putin Asserts
Oct 17, 2025 01:42 am CST
Russian President Vladimir Putin announced that Russia continues to be among the world's leading oil producers despite facing what he calls "unfair competition." Speaking at a Moscow energy conference, Putin highlighted Russia's 10% share of global production with an expected 510 million tonnes by year-end, while addressing Western pressure on trading partners and criticizing European nations for harming their own economies by reducing Russian energy purchases.
Trump's Stance on Russia Sanctions: EU Official Reveals Uncertainty Among G7 Allies
Oct 09, 2025 10:53 pm CST
EU sanctions chief David O'Sullivan reveals that despite G7 agreement to coordinate actions against Russia, President Trump is keeping allies guessing about additional sanctions. Western powers aim to target Russian oil revenues while the EU pursues a parallel strategy against China's role in sanctions evasion as Moscow's economy shows signs of strain.
Vladimir Putin's Key Statements at Valdai Forum: From Ukraine Conflict to Global Relations
Oct 03, 2025 07:46 am CST
At the Valdai Discussion Club in Sochi, Russian President Vladimir Putin addressed critical global issues including the Ukraine conflict, NATO relations, nuclear arms control, and international energy markets. Putin warned about escalation if Tomahawk missiles reach Ukraine, commented on Charlie Kirk's murder, discussed Russia's economic strategy, and expressed willingness to restore relations with the United States despite ongoing tensions. His remarks offered insight into Russia's strategic positioning on multiple international fronts.
Kremlin Shrugs Off EU Plans To Speed Up Phase-Out Of Russia's Energy
Sep 18, 2025 01:39 am CST
The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on Wednesday.