The Latest Breaking News from Janis Kluge

Russia's oil revenues dwindle as sanctions bite, hitting economy

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth.

Euronews · Feb 10

Russian oil revenue plummets as sanctions target Putin’s cash cow

A shadow fleet has sought to skirt around sanctions against Russia

The Independent UK · Feb 10

Putin must tread carefully amid hyped up expectations of breakthrough

Goal of European leaders at White House meeting was to try to push the Russian leader into a corner

The Guardian - UK · Aug 19, 2025

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 · Aug 30, 2023

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 · Aug 16, 2023

Russia's economy holds up, but growing challenges test Putin

Russia has weathered sweeping Western economic sanctions better than many expected

The Independent UK · Mar 13, 2023

Putin’s budget faces 'catastrophe' after price cap spells doom for Russian oil exports

Nearly a year after Russia invaded Ukraine, the Kremlin risks a massive revenue shortfall as the price of each barrel of oil it can sell on the world market falls dramatically.

Fortune · Jan 10, 2023

Explainer: What Putin wants from Iran and why Tehran might be cautious

A budding courtship between Russia and Iran is an unwelcome development for the West that the United States will watch with concern, but it falls well short of a geopolitical game changer.

Reuters · Jul 19, 2022

Economics of War: Pain for Europe Now, Later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer…

Asharq Al-Awsat · Jul 18, 2022

Economics of war: Pain for Europe now, later for Russia

Europe is feeling the pain from Russia's war in Ukraine

The Independent UK · Jul 18, 2022