The European Union is accelerating and expanding its sanctions regime to further erode Russia’s oil revenues by aggressively targeting its shadow fleet and closing loopholes in refined product exports.

Russia and Pakistan are in talks on a potential oil-sector agreement, Pakistan’s Finance Minister Muhammad Aurangzeb told RIA news agency in remarks published on Tuesday.

Several regions of Ukraine have endured a night of Russian drone and missile attacks targeting energy infrastructure, with the interior ministry reporting more than a million households without power.

Russia's oil and gas revenues have fallen sharply—down 35% in November and 22% for the year—as sanctions, weak crude prices, and an adverse ruble exchange rate converge to create significant fiscal strain for Moscow's budget.

Ukraine has used long-range drones to attack Russian oil platforms as it expands its strikes on the country's energy sector.

Despite Russia's previous support for Assad, Russian influence in Syria not only endures thanks to energy ties but has expanded and formalized.

There were no casualties reported at the Slavyansk refinery, which Kyiv has repeatedly targeted since Russia invaded Ukraine in 2022. Two people ‌were injured, several private homes were damaged ​and power ‌supply networks were ‍hit ⁠after drone debris fell in other residential areas of Krasnodar,

China buys Russian oil and gas at steep discounts while supplying Moscow with machinery and electronics as Western sanctions tighten.