Russia News Updates

GovernmentBusinessFuel

Russia Lifts Diesel Export Ban

Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.

October 6, 2023
GovernmentFuel

Gasoline Shipping Costs Soaring After Russia Sanctions

The cost of moving gasoline and other fuels on ocean-going tankers is soaring days after sanctions targeting Russia’s petroleum sales.

February 10, 2023
GovernmentBusinessEquipmentLogisticsGlobal Freight

Shipping Insurers Back Off of Russia-Ukraine Trade

A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.

December 28, 2022
GovernmentBusinessSafetyFuel

Europe’s Push to Cut Russian Gas Faces Race Against Winter

While Europeans bask in the warmth of spring, governments are in a race against winter.

May 18, 2022
GovernmentBusiness

White House Considering Ban on Russian Oil Imports to US

The Biden administration is weighing a ban on U.S. imports of Russian crude oil as Congress races toward passing such a restriction to punish the Kremlin for its invasion of Ukraine.

March 4, 2022
GovernmentBusinessLogistics

Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War

President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.

February 24, 2022
GovernmentBusinessFuel

Anguish Grows in Russia Oil Sector Overwhelmed by Price Fall

As Russia’s small oil producers struggle to survive a historic price crash, some say in private they wish they could just set their crude ablaze.

April 23, 2020
GovernmentBusinessLogistics

Russia Willing to Pay to Lure Shippers to the Arctic

Russia wants to make its Arctic waters more attractive to shippers than the Suez Canal and could be willing to compensate for potential risks to make that happen.

October 21, 2019
BusinessLogistics

With Most Efficient Logistics, Wildberries Becomes Russia’s Biggest Web Retailer

Russia's largest online retailer, Wildberries, is run by a mother of four who founded her company in her Moscow apartment while on maternity leave from her job as an English teacher.

August 30, 2018
GovernmentBusinessFuel

Oil-Services Investors Unmoved by Latest US Sanctions on Russia

Investors of the world’s biggest oil-servicer providers are so far looking past the most punitive round of U.S. sanctions on Russia.

April 9, 2018