Restrictions have made it costlier for Russia to ship oil by sea. But they have also expanded the illicit shipping economy, with lasting consequences.

Russia's oil and gas revenues are projected to significantly decline in September due to lower crude prices and a stronger ruble, impacting the Kremlin's budget.

Ukraine has ramped up strikes on energy sites to increase pressure on Russia, which relies on revenue from oil and gas exports.

President Donald Trump threatens major sanctions on Russia, but only if NATO nations first stop buying Russian oil and end their dependence on Moscow’s energy.

This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission. US President Donald Trump has said NATO

The video, shared by the Kyiv Post, shows missiles being fired at targets by F-16s. It also features footage of incoming threats being obliterated.

The US has sought to bring India’s oil purchases from Russia into negotiations on a trade deal, people familiar with the matter said, even as the South Asian nation’s refiners ramp up those imports to meet rising domestic demand.

BRUSSELS (AP) — The European Union should slap new sanctions on Russia’s exports of liquefied natural gas, its shadow fleet of aging oil tankers and major energy companies over its war on Ukraine, European Commission President Ursula von der Leyen said on Friday.