Profits From Fossil Fuels Fund Russia’s War, and US, UK Investors Among Top Backers of Russian Energy

EU Spent €2.3 Billion on Russian Fossil Fuels in May, Ranking as Fourth Largest Buyer

The European Union was the fourth largest buyer of Russian fossil fuels in May 2026, spending €2.3 billion ($2.62 billion), which accounted

Russia considers fuel imports and subsidies as Ukrainian drone strikes cripple oil refineries

Russia is considering fuel imports and price subsidies to address a worsening gasoline and diesel shortage caused by Ukrainian drone strikes

UK intercepts Russian shadow fleet oil tanker in English Channel

Europe's energy dependence on Russia persists despite post-invasion diversification efforts

Russia's 2022 invasion of Ukraine exposed Europe's structural dependence on fossil fuel imports. While the EU has successfully secured alter

HSBC, Barclays Among Banks Set to Lose Cambridge University Cash

How global energy shocks undermine long-term climate goals and the need for better policy incentives

The article examines how global energy shocks—triggered by Russia's invasion of Ukraine and the Strait of Hormuz closure—are driving countri