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The Latest Breaking News from Chris Weafer

Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis

Lines are growing at Russian gas stations -- and so is the frustration and uncertainty as several months of Ukrainian attacks have set oil refineries ablaze and choked supplies for motorists across the vast country

The Independent UK

How Russia could profit from rising energy prices fuelled by Iran war

Oil and gas prices are soaring after the Iran war choked off tanker supplies from the Middle East

The Independent UK

Meet the Russian business owners feeling the pinch from a new wartime tax policy

After four years of war, the pressure on Russia’s economy is starting to show

The Independent UK

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read the most diverse news in one place.

Trump's turnaround on sanctions targets Russia's oil companies that fund the war in Ukraine

U.S. President Donald Trump has done a turnaround on sanctions against Russia, taking aim at Russia's two biggest oil companies and the billions of dollars they reap for Moscow's war against Ukraine

The Independent UK

Which countries will lose the most if tensions reignite around Iran?

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer if the ceasefire between Iran and Israel fails to hold.

Euronews

Trump and Putin hint at US-Russia trade revival, but business environment remains hostile

Would U.S. companies go back to Russia if there’s a peace deal over Ukraine

The Independent UK

The ruble's in a slump. For the Kremlin, that's a two-edged sword

Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other

The Independent UK

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Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The Independent UK

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

Al Jazeera

Can BRICS end ‘apartheid’ against the Global South?

As the grouping of five emerging economies meets in South Africa, here’s what to expect.

Al Jazeera

The collapse of the Russian rouble

The Russian rouble has fallen to its lowest value in 16 months, heralding a potential crisis for Vladimir Putin and raising questions about his country’s ability to continue to wage war.

The Week

Russia’s ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Independent UK

Are sanctions actually hurting Russia's economy? Here's what you need to know

Russia's economy is weathering sanctions over the war in Ukraine, but tough times may be ahead, according to an assessment from experts.

WEKU

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The Independent UK

EXPLAINER: How a G-7 ban on Russian gold would work

Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second-largest export industry after energy — gold

The Independent UK

EXPLAINER: Effects of EU Russia oil ban, Moscow's response

The European Union has agreed to slash Russian oil imports in a tough escalation of the bloc’s campaign of sanctions to punish Russia for its invasion of Ukraine

The Independent UK

After 3 months of war, life in Russia has profoundly changed

When Vladimir Putin announced Russia's invasion of Ukraine, the war seemed far away from Russian territory

The Independent UK

As companies leave Russia, their assets could be seized

Hundreds of foreign brands have suspended operations in Russia since the invasion of Ukraine began

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