Russia's crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% or $3.8 billion, the International Energy Agency said on Wednesday.

The Russian government relies mainly on profits from the export of raw materials, particularly oil, making sanctions against this industry an effective tool, according to the RBC-Ukraine article How much Putin pays for the war in Ukraine as the West adds pressure on Russia's economy.

India’s state refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington’s curbs on Moscow’s oil industry effectively comes into force next month,

Ukraine and Russia have been exchanging major drone and missile strikes, with each seeking to gain an advantage as US President-elect Donald Trump’s inauguration nears

Before the conflict , Russia had demanded a legal guarantee that Ukraine be denied NATO entry, knowing the alliance has never excluded pote

Russia says it has detected a shift from U.S. President-elect Donald Trump and his team towards recognising the "realities" on the ground in Ukraine, and sees this as a welcome sign as it prepares to study his plan for ending the war.

The Russian missiles sought out targets from the Lviv region in western Ukraine near Poland to Kharkiv in northeast Ukraine bordering Russia. The state energy company Ukrenergo reported emergency power outages in six regions. It often shuts down production during attacks as a precaution.

Ukrainian officials say Russia has launched a major ballistic and cruise missile attack on regions across Ukraine