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The Latest Breaking News from Janis Kluge

Russia's oil revenues dwindle as sanctions bite, hitting economy

The Kremlin has resorted to higher taxes and borrowing to fill the gap left by dwindling oil revenues and slower economic growth.

Euronews

Russian oil revenue plummets as sanctions target Putin’s cash cow

A shadow fleet has sought to skirt around sanctions against Russia

The Independent UK

Putin must tread carefully amid hyped up expectations of breakthrough

Goal of European leaders at White House meeting was to try to push the Russian leader into a corner

The Guardian - UK

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Russians crow over Trump-Putin summit being held in Alaska: ‘Makes the US an Arctic nation’

Professor of Russian politics says ‘symbolism of holding the Trump-Putin summit in Alaska is horrendous’

The Independent UK

One million and counting: Russian casualties hit milestone in Ukraine war

As grim tally of its invasion is reached, expansive propaganda campaign and state payouts are keeping grieving relatives onside

The Guardian - UK

The ruble's in a slump. For the Kremlin, that's a two-edged sword

Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other

The Independent UK

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where top priorities will be boosting support for Ukraine and grinding down Russia’s war machine

The Independent UK

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Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

The Russian currency has stabilized after dipping below 100 rubles to the U.S. dollar — but that doesn't mean the pressure is off Russia's economy

The Independent UK

The collapse of the Russian rouble

The Russian rouble has fallen to its lowest value in 16 months, heralding a potential crisis for Vladimir Putin and raising questions about his country’s ability to continue to wage war.

The Week

Russia's economy holds up, but growing challenges test Putin

Russia has weathered sweeping Western economic sanctions better than many expected

The Independent UK

Putin’s budget faces 'catastrophe' after price cap spells doom for Russian oil exports

Nearly a year after Russia invaded Ukraine, the Kremlin risks a massive revenue shortfall as the price of each barrel of oil it can sell on the world market falls dramatically.

Fortune

Explainer: What Putin wants from Iran and why Tehran might be cautious

A budding courtship between Russia and Iran is an unwelcome development for the West that the United States will watch with concern, but it falls well short of a geopolitical game changer.

Reuters

Economics of War: Pain for Europe Now, Later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning down the air conditioning as they prepare plans to ration natural gas and restart coal plants. A giant utility is asking for a taxpayer…

Asharq Al-Awsat

Economics of war: Pain for Europe now, later for Russia

Europe is feeling the pain from Russia's war in Ukraine

The Independent UK

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Financial Times

‘Worst crisis since the second world war’: Germany prepares for a Russian gas embargo

Industry and economists say a ban would be catastrophic for the country’s economy, but many companies expect it to happen anyway

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