The European Union has imposed sanctions on Russian energy holding Inter RAO, citing its significant role in Russia's economy and its large consumer base of approximately 19 million consumers.
Russian oil and petroleum product exports in June 2026 reached 7.71 million bpd, a 5.33% increase from May. However, export revenues dropped nearly 24% to $15.84 billion due to lower energy prices, with Urals crude falling to $61.15 per barrel.
Russia has banned diesel exports to stabilize its domestic market following Ukrainian drone attacks on refineries, which have caused gasoline shortages and price spikes. Meanwhile, Russian missile and drone attacks killed at least three in Kyiv and four in Odesa.
Ukrainian forces have intensified drone attacks on Russian energy infrastructure and supply routes in Russia and occupied Crimea, leading to significant fuel shortages. President Putin publicly acknowledged the "certain fuel shortages" for the first time, while experts warn of Russia facing its worst fuel crisis.
Alice Weidel of the AfD party urges Germany to lift the ban on Russian oil and gas imports, citing economic damage and job losses. She vows to restore ties if her party gains power, as the AfD's support grows amid economic struggles.
Russian President Vladimir Putin invited Cambodian companies to participate in the Eastern Economic Forum in Vladivostok and Russian Energy Week in Moscow. The invitation was extended during a meeting with Cambodian Prime Minister Hun Manet on the sidelines of the Russia-ASEAN Summit.
A Ukrainian drone attack targeted Moscow's oil refinery in the Kapotnya district on Thursday, causing flames and smoke. This follows earlier drone strikes on Russian energy infrastructure and comes amid ongoing hostilities, including Russian attacks on Kyiv.
ASEAN Secretary-General Kao Kim Hourn stated at the Russia-ASEAN Business Forum that the bloc's energy demand is growing and expressed interest in Russian energy supplies and technologies, including LNG, energy networks, and low-carbon solutions.
Vietnam's PM heads to Russia for a summit, while reports detail a US-Iran deal, drone attacks in Russia, and ongoing conflict in Ukraine. Developments include potential shifts in the Strait of Hormuz passage, discussions on nuclear weapons, and Turkey's mediation efforts.
Ukraine launched a drone strike on the Moscow oil refinery, owned by Gazpromneft, causing damage. No casualties were reported. President Zelenskyy highlighted Ukraine's long-range strike capabilities, stating it's a response to Russian strikes and a means to pressure Russia to end the war.
Ukraine launched a drone strike on the Moscow Oil Refinery, owned by Gazpromneft, on Tuesday. Russian authorities confirmed damage but no casualties. President Zelenskyy highlighted Ukraine's long-range strike capabilities, stating the attack was a response to Russian strikes and the prolonged war.
India maintained its position as the second-largest buyer of Russian crude oil in May, with purchases reaching approximately 4.8 billion euros ($5.6 billion), a 7% increase from April. China remained the top importer.
Vladimir Putin stated that Russia did not stop energy supplies to Europe, but rather European countries refused to purchase them, anticipating Russia's collapse. He noted that Europe now realizes this was a misstep but finds it difficult to change course.
Uzbekistan's Deputy PM Jamshid Khodjayev met with Gazprom, Gazprom Neft, and Rosneft CEOs at SPIEF to discuss energy cooperation, supply reliability, and investment projects. He also met with St. Petersburg's Governor to boost interregional ties.
Russia's Deputy Prime Minister Alexander Novak confirmed a dip in oil production due to unscheduled refinery repairs, marking the first such public admission. This comes as Ukraine intensifies drone attacks on Russian energy infrastructure, disrupting operations and pushing Moscow to maximize crude exports.
Hungarian Prime Minister Peter Magyar stated that a complete break from Russian energy resources is impossible, citing the need to maintain company competitiveness. He believes diversification of supplies is the goal, not total abandonment, and anticipates no interest in a new Cold War, even in the energy sector, after the Ukraine conflict ends.
RDIF CEO Kirill Dmitriev stated that European countries have lost approximately €3 trillion since ceasing to purchase Russian energy, warning that this decision is pushing their economies towards collapse.
Kirill Dmitriev, Russian President's Special Representative, stated that the recent 30-day extension of sanctions relief on Russian oil is a positive signal for global energy markets and proves Russia's essential role in global energy security.
The EU’s Russian energy phaseout plans will end with dependence on more expensive US LNG, Slovak Prime Minister Robert Fico has warned Read Full Article at RT.com
According to the European Commission, the package targets emerging players which have recently increased their export market share
The Russian special presidential envoy for investment and economic cooperation with foreign countries said that Europe needs Russian energy to survive
Russian Energy Minister Sergey Tsivilyov met with Libyan Transport Minister Mohammed Al-Shahoubi to discuss Russian companies' continued interest in energy projects in Libya. The parties also addressed agricultural trade opportunities and affirmed their intent to resume the intergovernmental commission's work.
Italian Deputy Prime Minister Matteo Salvini has called for the EU to resume Russian gas imports amid an energy crisis Read Full Article at RT.com
Macaristan'da yapılan seçimlerde Viktor Orban'ın Fidesz partisi yenilerek, 'pro-Brüksel' olarak görülen Peter Magyar'ın Tisza partisi zafer kazandı. Bu sonuç, Avrupa Komisyonu tarafından memnuniyetle karşılansa da, Magyar'ın politikaları ve Macaristan'ın geleceği belirsizliğini koruyor.
