Russia’s 4th Largest Oil Company Goes Negative, Reporting Deep Losses for Q1 2025
Economy & Business

Russia’s 4th Largest Oil Company Goes Negative, Reporting Deep Losses for Q1 2025

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One of Russia’s most secretive and politically significant oil giants, Surgutneftegas, has reported a staggering net loss of 439.7 billion rubles in the first quarter of 2025—its worst result in decades. Once a symbol of stability and hidden wealth within the Kremlin’s orbit, the company’s reversal is now a warning sign of a deepening crisis across Russia’s energy sector. For comparison, Surgut posted a profit of 268.5 billion rubles in Q1 2024.

Russia’s 4th Largest Oil Company Goes Negative, Reporting Deep Losses for Q1 2025 Read Post »

Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions
Economy & Business

Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions

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If this week’s Russian oil exports data is an indication, it appears that Ukraine’s allies had the power to turn off Putin’s cash machine all along. Russia’s oil export system is now under severe pressure, with a dramatic -29% weekly drop in crude shipments signaling a new stage in the unraveling of the Kremlin’s war economy.

Russia’s Oil Exports Plunge -29% in One Week as Port Loadings Collapse Under New EU Sanctions Read Post »

“His Height Tormented Him”: Former KGB Classmate Says Putin Was Rejected as a Spy and Driven by Insecurity
Crisis in Russia

“His Height Tormented Him”: Former KGB Classmate Says Putin Was Rejected as a Spy and Driven by Insecurity

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A former classmate of Vladimir Putin at the elite Andropov Institute of the KGB has described the Russian president as an insecure, underqualified man whose obsession with his short stature and lack of ability shaped both his career and his leadership style. In an interview with Gordonua, ex-KGB officer Yuri Shvets said Putin was “literally tormented” by how short he was, developing what Shvets called a visible inferiority complex.

“His Height Tormented Him”: Former KGB Classmate Says Putin Was Rejected as a Spy and Driven by Insecurity Read Post »

Russian Drone Strike Kills Ukrainian Firefighter’s Family in Chernihiv
Ukraine News, War

Russian Drone Strike Kills Ukrainian Firefighter’s Family in Chernihiv

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A Russian drone attack on the northern Ukrainian town of Pryluky, Chernihiv region, has killed the wife, daughter, and infant grandson of a local fire department chief, Ukrainian officials confirmed Wednesday. The firefighter was responding to earlier strikes across the city when a Shahed drone hit his home, reducing it to rubble. Among the victims was 25-year-old Daryna Shyhyda, a patrol police officer. Her one-year-old son and mother were also killed in the blast.

Russian Drone Strike Kills Ukrainian Firefighter’s Family in Chernihiv Read Post »

China Arms Russia’s Drone Surge as Washington Looks the Other Way
War, World News

China Arms Russia’s Drone Surge as Washington Looks the Other Way

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Ukraine’s dominance in drone warfare is eroding—and fast. Once a symbol of Ukrainian innovation and battlefield adaptability, the drone war is shifting in Russia’s favor. The reason is clear, if largely unspoken: Chinese parts, Chinese support, and a growing silence from Washington. In 2024, Ukraine produced nearly one million tactical drones. It aimed for 2.5 million in 2025—an ambitious plan to offset artillery shortages and manpower constraints.

China Arms Russia’s Drone Surge as Washington Looks the Other Way Read Post »

Russia Escalates Overnight Strikes on Ukrainian Cities: Targeting Civilians, Children, and Infrastructure
Ukraine News, War

Russia Escalates Strikes on Ukrainian Cities: Targeting Civilians, Children, and Infrastructure

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Overnight, Russian forces launched another wave of attacks across Ukraine, striking cities from Chernihiv to Kherson. The assault—carried out primarily with drones and guided bombs—targeted civilian infrastructure and residential areas, killing at least five people and injuring dozens more. The attacks underscore Moscow’s continued strategy of terrorizing population centers far from the front lines.

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Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge
Istrebin's Economics

Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge

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Russia’s financial problems are deepening by the day. In just five months, the balance of the state treasury has dropped by 3 trillion rubles (≈$37.5 billion). From the end of December to the end of May, the treasury’s balance fell from 11.5 trillion rubles (≈$143.75 billion) to 8.5 trillion rubles (≈$106.25 billion). The reasons are clear: falling budget revenues and rising war expenditures.

Russia’s treasury enters the end game, hemorrhaging $37.5 billion as deficits surge Read Post »

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse
Crisis in Russia, Economy & Business

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse

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The month of May saw more hardship for Russia’s National Welfare Fund as the liquid portion decreased by another -$4 billion, leaving $36.1 billion according to state data released today. For the month a total of 29 tons of gold were reportedly sold, leaving 139. In addition, 11 billion Yuan were sold, leaving 153 billion.

Russia’s Sovereign Wealth Fund Hollowed Out as Liquid Reserves continue to Collapse Read Post »

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