India just ditched the dollar and used its own currency to buy a million barrels of oil from the UAE

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A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India.

Dhiraj Singh/Bloomberg

Russia's economy takes a hit as its current-account surplus crashes 85% compared to last year

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putin
Russia's President Vladimir Putin (L) meets with Foreign Minister Sergei Lavrov at the Bocharov Ruchei state residence in Sochi, March 10, 2014.

REUTERS/Alexei Nikolskyi/RIA Novosti/Kremlin

Russian oil price caps have crushed Moscow's war revenue to start the year - despite widespread violations

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vladimir putin russia
Russian President Vladimir Putin.

Pool/Yuri Kadobnov via Reuters

Russia is using decades-old oil tankers on icy waters to duck sanctions and prop up its struggling energy exports

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An abandoned cargo vessel lies
An abandoned cargo vessel lies beached along the Black Sea near the war torn city of Ochamchire in Abkhazia.

Loop Images / Contributor

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