Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget viewed by Reuters.
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.
In the capital of Transnistria, a Kremlin-backed microstate sandwiched between Moldova and Ukraine, the festive New Year’s lights have gone dark ahead of schedule. This separatist sliver of Moldova will run out of energy in three weeks,
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
Russia's financial watchdog has rejected a request to remove late opposition leader Alexei Navalny from its list of "terrorists and extremists" even though he is dead, his widow Yulia Navalnaya said on Friday.
As the drone whirrs into the sky, something unusual trails behind it: a fibre optic cable barely visible to the naked eye.
Every time planned electrical outages are imposed on his village in southern Moldova, 73-year-old retiree Vasili Donici passes the time by solving crosswords and puzzles in a room he illuminates using a small gas lamp.
President-elect Donald Trump said late Thursday he is ready to meet with Russian President Vladimir Putin and that the meeting is currently being arranged, though he gave no timeline for when it might take place.
After three years of war, strict sanctions, and dwindling oil prices, the odds are stacked against the Kremlin in 2025, a think tank fellow argues.
Former Russian political prisoner Vladimir Kara-Murza is now lobbying the West for stronger action against Russian President Vladimir Putin. How Donald Trump's win will change foreign policy towards Russia is discussed by Vladimir and Evgenia Kara-Murza who join Joy Reid on The ReidOut on MSNBC.