The Latest Breaking News from Russia

Oil prices hit four-year lows amid Ukraine-Russia peace talks. JP Morgan predicts Brent could plunge to $30s per barrel by 2027, potentially pushing US petrol below £0.80/L.

US group Dekleptocracy identifies additives for military vehicles’ lubricants and tyres as potential vulnerabilities

Europe is considering seizing billions in Russian assets to support Ukraine, as proposed by U.S. President Donald Trump

The United States recently — and suddenly — announced a 28-point peace plan to end Russia’s war in Ukraine, seemingly jointly written with Russian delegates, and presented it to Ukraine.

January WTI crude oil (CLF26 ) on Wednesday closed up +0.70 (+1.21%), and January RBOB gasoline (RBF26 ) closed up +0.0251 (+1.39%). Crude oil and gasoline prices are settled higher on Wednesday. Dollar weakness on Wednesday boosted crude prices. Also, doubts about a deal to end the Russian-Ukrainian war sparked...

EU foreign ministers met on Wednesday to discuss efforts to end Russia's war on Ukraine. "The focus should be on what kind of concessions we see from the Russian side," High Representative Kaja Kallas said.

January WTI crude oil (CLF26 ) today is up +0.08 (+0.14%), and January RBOB gasoline (RBF26 ) is up +0.0110 (+0.61%). Crude oil and gasoline prices are slightly higher today. Dollar weakness today is boosting crude prices. Also, doubts about a deal to end the Russian-Ukrainian war have sparked some...

French authorities have arrested members of a pro-Russia group over alleged links to espionage-related activities

Whether the various peace plans now under discussion bring an end to Russia’s war against Ukraine will depend largely on security guarantees. But securing an agreement between Ukraine, its allies and Russia about how Ukraine’s future security will be assured may prove to be the most difficult part of any…