Russian Oil & Gas: June 2025 Snapshot

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

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

EU may keep Russian oil price cap unchanged at $44 per barrel to pressure Moscow

Kremlin Confirms It’s in Talks to Import Gasoline

EU Unveils 21st Sanctions Package Targeting Russian Oil, Banks, and Cryptocurrency

The European Commission presented its 21st sanctions package against Russia on June 9, targeting energy (particularly oil price caps), finan

EU Considers Temporary Freeze on Russian Oil Price Cap Amid Middle East Conflict

The European Union is considering temporarily freezing its price cap on Russian oil, which is currently set at $44.10 per barrel. The cap us