The EU unveiled its largest sanctions package in four years against Russia, leading FIDE President Arkady Dvorkovich to suspend his activity. The measures target 218 individuals and entities, including banks, vessels, and military-industrial complex, while Ukraine faces ongoing attacks.
The EU Council expanded sanctions against the Russian oil industry, targeting three Russian refineries, a major Belarusian refinery, a company selling Belarusian petroleum products, and a Georgian refinery allegedly involved in Russian oil trade, with a ban on transactions.
Rio Tinto has signed a five-year sales agreement with Australian company SuperChar Limited to purchase 35,000 tonnes of bana grass bio pellets by 2028. This $30 million biochar facility in Boynedale, Central Queensland, aims to replace up to 50% of coal in Rio Tinto's Gladstone refinery boilers, pending council approval.
Russia's economy faces increasing strain from war financing, leading the Ministry of Finance to suspend bond sales due to high yields demanded by banks. Ukraine's drone attacks on Russian infrastructure, including e-commerce warehouses, further exacerbate economic pressure and challenge the perception of a peaceful life.
Ukraine has intensified attacks on Russian shadow tankers supplying Crimea and refineries deep within Russia, including the Omsk refinery. These strikes aim to worsen an energy crisis on the peninsula and deny Russia fuel and export revenue, with significant damage reported to Russia's refining capacity.
Russia is enhancing security at its oil refineries and working to maintain fuel production following drone attacks that have idled some facilities, Deputy Prime Minister Alexander Novak stated. The country aims to ensure sufficient fuel volumes and additional shipments to regions experiencing shortages due to panic buying.
India's petroleum product exports may rise 25% by FY25, reaching $44.4 billion, driven by Indian Oil Corporation's (IOCL) expansion. New capacity by December 2026 will boost exports, despite India importing 90% of its crude oil.
Ukraine's stepped-up drone attacks on Russian energy infrastructure and military assets are reshaping modern warfare and influencing NATO's defense spending. The alliance plans to invest over $40 billion in counter-drone capabilities.
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 drones have conducted long-range attacks on Russia's largest oil refineries, including Omsk, NORSI, and others across Siberia and European Russia. These strikes are reportedly intensifying fuel shortages, leading to price hikes and queues at petrol stations.
Ukrainian drones have conducted long-range attacks on Russia's largest oil refineries, including Omsk, intensifying fuel shortages, rising prices, and causing queues at petrol stations across numerous regions.
Ukraine reported striking a dozen Russian "shadow fleet" tankers delivering fuel to Crimea with drones. Simultaneously, Kyiv faced a Russian missile attack injuring two, while Odesa also sustained a missile strike. President Zelenskyy appealed for NATO membership and discussed ending the war with US President Trump.
Ukrainian drones targeted a major Russian military training ground in the Leningrad region and an oil refinery in Omsk, deep in Siberia. This escalation follows a deadly ballistic missile strike on Kyiv, highlighting Ukraine's expanding strike capabilities and the ongoing conflict.
Port Arthur, Texas, a low-income community, suffers from severe health issues and economic hardship due to the presence of major oil refineries, including Motiva, owned by Saudi Aramco. Residents face high rates of cancer, asthma, and heart disease, with significant environmental pollution and economic disinvestment.
Kyiv experienced its worst Russian attack in over four years, with 21 killed and dozens injured by nearly 500 drones and over 70 missiles. Residential buildings and infrastructure were hit, prompting a day of mourning. President Zelenskyy reiterated calls for air defense aid.
Kyiv experienced its worst Russian attack in over four years, with 21 killed and dozens injured. Russia launched nearly 500 drones and over 70 missiles, hitting residential buildings and infrastructure. President Zelenskyy urged allies for more air defense, stating Ukraine fights alone.
Kyiv suffered a massive Russian drone and missile attack overnight, resulting in at least 20 deaths and dozens of injuries. Residential buildings and a hotel were hit, with emergency services reporting 86 injured. Ukraine's foreign minister condemned the strikes as immoral retaliation, while Kyiv's mayor declared Friday a day of mourning.
Russia is experiencing a significant fuel deficit due to Ukrainian drone attacks disabling about a quarter of its refining capacity. Long lines at petrol stations and rationing are common, with authorities scrambling to manage supplies, enforce export bans, and seek imports.
Kyiv suffered a massive overnight drone and missile attack from Russia, resulting in at least 13 deaths and 86 injuries. Residential buildings and a hotel were hit, with emergency services reporting collapsed floors in an apartment block. The strikes follow recent Ukrainian drone attacks on Russian oil refineries.
Ukraine has launched its largest long-range drone campaign, targeting Russian oil refineries, fuel depots, and defense industries, reaching hundreds of kilometers inside Russia. This escalation follows G7 commitments to bolster Ukraine's air defenses and economic resilience.
Ukraine has launched its largest long-range drone campaign against Russian territory, targeting oil refineries, fuel depots, and defense industries. The offensive, following G7 commitments to bolster Ukraine's defenses, aims to disrupt Russia's war effort and increase economic costs.
Ukrainian President Zelenskyy announced that Ukrainian forces struck Russia's Ufa oil refinery for the second time in a week and also hit a missile components plant in Penza. These long-range attacks are a "just response" to Russia's actions, contributing to a fuel deficit in Russia, while Russian aerial attacks on Ukraine have decreased.
Ukraine's attacks on Russian oil refineries have led to widespread fuel shortages and rationing across Russia, causing frustration among motorists and impacting the agricultural sector. President Putin acknowledged the "temporary" issues, but analysts suggest repairs will take months, prolonging the crisis.
Ukrainian forces are escalating long-range drone strikes, using Fire Point drones to hit oil refineries and supply routes deep inside Russia and occupied Crimea. This campaign, led by secretive units like the First Separate Center of Unmanned Systems, aims to weaken Russia's war machine and isolate Crimea.
