Economy

Ukrainian drones target Russian oil shipment hub partially owned by US companies

Kiev's UAVs have hit oil infrastructure in the port of Novorossiysk operated by the internationally-owned Caspian Pipeline Consortium, the Russian Defense Ministry has said

Brent oil price on ICE exceeds $110 per barrel for the first time since March 30

By 10:10 p.m. GMT, the price of the futures had accelerated growth to reach $111.89 per barrel

Russia’s pharmaceutical exports up by more than 30% yoy in 2025 to $1.3 bln

Earlier, First Deputy Prime Minister Denis Manturov said that the Russian pharmaceutical market grew by 13.6% in 2025 to $38.6 bln

Orban urges end to sanctions against Russian energy after attempted attack on gas pipeline

The Hungarian prime minister warned that "Europe is nearing an extremely serious energy crisis, and the coming days will be critical"

Russia working on new export incentive mechanism for pharmaceutical companies

Anton Alikhanov says that the measure will consist of an export cashback

Catastrophic oil shortage inevitable

"For the first time in history, Saudi Arabia is charging a $20 per barrel premium over the already sky-high benchmark for its oil," Kirill Dmitriev said