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Russia's oil and gas revenues increased by 16.9% year-on-year in January 2025, reaching 789.1 billion rubles ($8.6 billion), the Finance Ministry said last week.
The rise was driven by higher extraction tax receipts despite a slight decline from December levels.
The increase comes despite the Biden administration tightening sanctions on Russia’s oi
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Read more: Russian Oil and Gas Budget Revenues Up 17% Year-on-Year
Write comment (91 Comments)An explosion aboard an oil tanker in the Gulf of Finland off the coast of northwestern Russia has actually not led to an oil spill, Russia's Transportation Ministry said Tuesday.The Koala tanker, integrated in 2003 and flying the flag of Antigua and Barbuda, is presently moored at the port of Ust-Luga with 130,000 metric lots of fuel oil.Fears of a
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Read more: [Russia] - No Leaks Detected After Oil Tanker Explosion, Russian Officials Say
Write comment (96 Comments)Britain, the United States and Australia on Tuesday imposed sanctions on a Russian cyber firm and several of its employees, accusing them of "facilitating crippling ransomware attacks globally."
The sanctions against Zservers and its staff are the latest in a series of coordinated actions by Western governments, which last year targeted the
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Read more: U.S., U.K. and Australia Sanction Russian Cyber Firm Zservers Over Ransomware Attacks
Write comment (98 Comments)Russian State Duma Speaker Vyacheslav Volodin on Tuesday called on Congress to disclose the names of individuals and groups that received U.S. funding in Russia so the country’s law enforcement agencies could investigate them.
“We need to request lists from the U.S. Congress of those who were funded by USAID in Russia, then hand these lists to the F
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Read more: Russia’s State Duma Speaker Demands USAID Funding Lists From Congress
Write comment (98 Comments)Kyiv and its Western allies are preparing attacks on ships in the Baltic Sea and exiled Kremlin critics in an effort to blame Moscow and hinder Ukraine peace talks, Russia's Foreign Intelligence Service (SVR) claimed Tuesday.The alleged false-flag operations are focused on preventing the launch of a serene settlement procedure for the war in Ukr
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Russian nickel, copper and platinum group metals major Norilsk Nickel posted a 37% year-on-year decline in IFRS net profit to $1.8 billion in 2024, with EBITDA decline of 25% y/y to $5.2 billion, and revenues down by 13% y/y to $12.5 billion.
Nornickel attributed the top-line decline to lower market prices for nickel and platinum group metals. The
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Read more: Russian Metals Major Norilsk Nickel's Profits Drop 37% in 2024
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