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The Latest Breaking News from Russia

US Lets Russia Oil Sanctions Waiver End Despite Surging Prices Due To Iran War

The previous waiver was described by US Treasury Secretary Scott Bessent as a measure to stabilize energy markets in the aftermath of the Gulf war.

International Business Times

Iran war: Trump administration allows Russia oil sales waiver to expire despite tight market

The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions…

The Economic Times

Europe's Defense Spending Surge Is Fueling a 50% Price Spike on Military Gear — and the Problem Is Getting Worse

European nations face military gear price increases of more than 50% in two years as NATO allies race to rearm, Estonian Defense Minister Hanno Pevkur warned Saturday at the Lennart Meri Conference in Tallinn. The surge is exposing a painful paradox: the more Europe tries to defend itself, the more…

International Business Times

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Russia accused of ‘targeted attack’ on UN humanitarian convoy

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The Independent UK

Russia launches nearly 300 drones at Ukraine as 528 bodies of Ukrainian soldiers are returned

Russian forces launched hundreds of strikes across Ukraine overnight, with direct hits by drones recorded at 15 locationsm Ukraine's Air Force said. Meanwhile, the bodies of 528 Ukrainian soldiers were returned a day after Russia and Ukraine exchanged prisoners of war.

Euronews

Canada deepens Arctic defense ties with Nordics after Trump threats

Canada is forging new alliances with Nordic nations to secure its vast Arctic region. This move comes as the United States' commitment wavers and Russia and China increase their military activities. Canada aims to reduce its reliance on the U.S. for defense, focusing on collaboration with trusted partners like Denmark,…

The Economic Times

Putin to visit Chinese leader Xi Jinping days after Trump's trip to Beijing

Russian President Vladimir Putin will meet with Chinese leader Xi Jinping on a two-day trip to Beijing next week, the Kremlin says

The Independent UK

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Zelensky accuses Russia of planning to strike government buildings

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The Independent UK

After Donald Trump, Putin to visit China's Xi Jinping on May 19 for two days

Russian President Putin is set for a significant two-day visit to China, commencing May 19, to deepen strategic ties with President Xi Jinping. This follows closely on the heels of Donald Trump's high-profile trip to Beijing, which focused on Taiwan, trade, and Iran. The leaders will discuss strengthening their partnership…

The Times of India

Putin to visit China May 19-20 after Trump trip

Russian President Vladimir Putin will visit China on May 19 to discuss strengthening bilateral ties and strategic cooperation with President Xi Jinping. The visit follows Donald Trump's trip to Beijing, where unresolved trade and geopolitical tensions, including the Ukraine conflict, were discussed without a breakthrough. China remains a key economic…

The Economic Times

Why did Russian FM Sergey Lavrov say ‘If you don't surrender your phone, they will take out a gun’ during Delhi press conference? Watch video

Russian Foreign Minister Sergey Lavrov lightened a press conference in Delhi with a humorous remark to a buzzing phone, drawing laughter and viral attention. As the phone of one of the camerapersons was constantly buzzing, Sergey Lavrov jokingly said, 'Sir, if you don't surrender your phone, they will take out…

The Economic Times

Ukraine war briefing: Zelenskyy vows retribution over deadly Russian bombardments

President says three days of strikes will not ‘go unpunished’ and points to Ukrainian attack on Russian oil refinery. What we know on day 1,543

The Guardian - AU

Moscow court orders Euroclear to pay compensation to Russia's central bank over seized assets

A Moscow court has ruled in favor of Russia’s Central Bank in its lawsuit against Euroclear, the Brussels-based clearing house that holds the bulk of Moscow’s frozen assets in Europe, Russian media has reported

The Independent UK

Crude Oil Prices Surge on Concern of a Prolonged Disruption to Global Supplies

June WTI crude oil (CLM26 ) on Friday closed up +4.25 (+4.20%), and June RBOB gasoline (RBM26 ) closed up +0.0962 (+2.67%). Crude oil and gasoline prices rallied sharply on Friday, with crude posting a 1.5-week high. Crude prices are surging as the lack of negotiations to end the US-Iran...

Barchart

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The Economic Times

Kyiv mourns as death toll from Russian attack in the Ukrainian capital rises to 24

The cruise missile hit the nine-story corner apartment block Thursday during what the Ukrainian air force said was Russia’s biggest barrage on the country of the full-scale invasion. Emergency workers finished digging through the rubble searching for victims after more than a day, Zelenskyy said on X.

The Economic Times

Ukraine can down Russian drones en masse. But missiles are a problem

The recent Russian strike on Kyiv underscored Ukraine's formidable air defenses against drones while laying bare vulnerabilities to missile attacks. The country grapples with a critical lack of Western anti-missile systems and the exorbitant cost of their ammunition.

Barchart

Crude Oil Prices Surge as Global Supplies Continue to Tighten

June WTI crude oil (CLM26 ) today is up +3.55 (+3.51%), and June RBOB gasoline (RBM26 ) is up +0.0801 (+2.22%). Crude oil and gasoline prices are moving sharply higher today as US-Iran war negotiations are at an impasse, keeping the Strait of Hormuz closed and tightening global oil supplies....

The Independent UK

Ukraine war briefing: Kyiv hits back after deadly Russian strikes

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The Economic Times

India's BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit

India's trade with BRICS nations shows strong growth. However, a widening trade deficit is a major concern. Imports from BRICS are rising faster than exports. Russia is a key import source. India aims to balance import dependencies and boost outbound shipments. The expanded BRICS bloc holds significant global influence.

The Guardian - UK

A year in hospital and 90% lung damage: how Andrey Zvyagintsev came back from Covid to Cannes

Cannes film festival: The great Russian director of Leviathan, Loveless and The Return has overcome extraordinary obstacles to present his first film in nine years

The Guardian - UK

First Thing: China trip winds down but Trump-Xi Iran accord remains elusive

US president offers no news of any breakthrough on Iran. Plus, how renters’ rights could be key issue in midterms

Euronews

Ukraine and Russia swap 205 prisoners of war each in US-brokered exchange

Ukrainian President Volodymyr Zelenskyy said on Telegram most of the Ukrainians handed over had been in Russian captivity since 2022.

The Economic Times

'Russian oil supplies to India have increased': Lavrov hails surging energy ties with New Delhi amid global pressures

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted the "privileged" Moscow-Delhi partnership during the BRICS meeting.

The Independent UK

Russian oil refinery on fire amid huge wave of Ukrainian drone strikes

IN FULL

Euronews

'Point of no return': 36 countries join special tribunal to prosecute Vladimir Putin

The tribunal on the crime of aggression against Ukraine marks "the point of no return" in the search for justice, the country's foreign minister said on Friday. But the court will face limitations in bringing Putin to justice.

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