Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than ...

Due to sanctions and falling oil prices, the Russian economy has begun a gradual transition from stagnation to recession.

Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take ...

Urals brand oil is currently the cheapest it has been since 2023. The head of Russia's Central Bank warned that falling oil ...

Russia has relied on an oil-purchasing deal with China to help keep its economy afloat while it wages its long-running and ...

Russia is considering changing its key budget-building mechanism in response to sliding oil revenue, in a sign the Kremlin ...

A staged reading of Cassandra -- the iconic poem by Ukrainian literary legend Lesia Ukrainka -- takes place in the Ukrainian ...

New data has suggested that Russian oil and gas revenue has seen a slump. Money raised decreased by more than 10% year on ...

"I think Russia, with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...

The UK intelligence service has said that the sharp decline in oil prices threatens Russia's ability to finance its planned ...