Russian oil revenue fell 50% in January compared with the same month the previous year after tough new sanctions imposed by the U.S. Treasury.

President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels unloading the crude at its ports.

Feb 4 (Reuters) - India's Russian oil imports slipped in January, continuing a downturn that began in December as refiners sought more alternative barrels under Western sanctions pressure and ongoing U.

The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

Russia says it will continue supplying crude oil to Cuba despite U.S. threats aimed at cutting off the island’s energy lifelines.

MOSCOW, Feb 4 (Reuters) - Russia's public deficit could balloon to almost triple the official target by end-2026 as a fall in Indian purchases of oil and growing oil trade discounts eat into revenues while spending may be higher than expected,