Russia’s seaborne oil exports decline 9.1% in 2024 amid Ukrainian
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Russia’s seaborne oil exports decline 9.1% in 2024 amid Ukrainian drone attacks, Reuters reports

Russia's seaborne exports of petroleum products declined by 9.1% to 113.7 million metric tons in 2024, reflecting mounting challenges to its fossil fuel industry, Reuters reported on Jan. 17. Ukraine has targeted Russia's fossil fuel infrastructure as part of its strategy to undermine a key funding source for Russia's war effort. Drone strikes on refineries […]
Vital Pokrovsk coking coal mine halts operation, Reuters reports
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Vital Pokrovsk coking coal mine halts operation, Reuters reports

As Russian troops continue approaching the city of Pokrovsk, Ukraine halts the extraction of coking coal near the city, Reuters reported on Jan. 13, citing unnamed sources. "They have all stopped working now," one Reuters source said. "There's no production there, they're only working on the surface," another Reuters source added. The Pokrovsk coal mine, […]
Russian companies increasingly using bitcoin amid sanctions, Reuters reports
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Russian companies increasingly using bitcoin amid sanctions, Reuters reports

Russian companies are increasingly using bitcoin and other digital currencies for international payments in response to Western sanctions, Reuters reported on Dec. 25. Once key facilitators of Russia’s trade, Chinese banks have significantly curtailed transactions over fears of losing access to U.S. financial markets. By mid-2024, roughly 80% of Russian payments in Chinese yuan were […]