Russia's oil and gas revenue reportedly tanked in February as price caps and sanctions ate into export earnings

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Russian President Vladimir Putin speeches during the Council of Lawmakers at the Tauride Palace, April 27, 2022 in Saint Petersburg, Russia
Vladimir Putin.

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The West hits Russia with fresh sanctions and raises tariffs on key commodities a year after the invasion of Ukraine

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A Russian armored personnel carrier is driven on a street in Sevastopol, Ukraine’s Black Sea Port that hosts a major Russian navy base Tuesday, Feb. 25, 2014. Tensions were building up in the Crimea, where ethnic Russians who make the majority of the local population are deeply suspicious of the new Ukrainian authorities who replaced fugitive Russia-backed President Viktor Yanukovych.

AP Photo/Andrew Lubimov

Russia says its economy did better than expected, one year into the Ukraine war. But experts say there's a red flag behind the announcement.

Tech Insider : Economy
Vladimir Putin smiles.
According to Russia's federal statistics service, the country's GDP contracted by 2.1% in 2022, better than previous estimates.

Sasha Mordovets/Getty Images

Iran rations euros as fights break out at foreign-exchange offices amid rial's plunge to record lows

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FILE PHOTO: Iranian rial currency notes are seen at a market in the holy Shi'ite city of Najaf, Iraq September 22, 2019. REUTERS/Alaa al-Marjani - RC1A4B48AE60/File Photo
FILE PHOTO: Iranian rial currency notes are seen at a market in the holy Shi'ite city of Najaf

Reuters

Putin took a swipe at oligarchs who have fled abroad, while asking them to come back and invest in Russia

Tech Insider : Politics
Russian president Vladimir Putin giving his annual address on February 21, 2023. He stands in a dark suit against a pale background, at a podium with a russian eagle crest.
Russian President Vladimir Putin gives his annual state of the nation address in Moscow, Russia, Tuesday, Feb. 21, 2023.

Pavel Bednyakov, Sputnik, Kremlin Pool Photo via AP

North Korea and Russia are ramping up trade in oil, coal and weapons as Ukraine war sanctions send Moscow to pariah state

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Russia could finance a reported weapons purchase from North Korea with oil, experts speculate

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Russian oil revenue has been hurt by effective EU price caps even as Moscow has been resilient with exports, says IEA

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Russian Prime Minister Vladimir Putin and CEO of Russian natural gas giant Gazprom Alexei Miller attend a ceremony to mark the launch of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline, September 8, 2011 in Vladivostok, Russia.
Russian Prime Minister Vladimir Putin.

Sasha Mordovets/Getty Images

Europe is now stuck with a huge stockpile of natural gas after hoarding it last year for a brutal winter that never came

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Floating Storage and Regasification Unit (FSRU)
Europe is now looking at its highest natural-gas stockpiles in years.

John MacDougall/AFP/Getty Images

Russia is slashing its oil output by 5% in retaliation to Western sanctions — but it also likely that it is struggling to find buyers in the first place

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Vladimir Putin
Russian President Vladimir Putin slammed the EU's price cap on Russian crude, calling it "stupid."

Mikhail Metzel/Getty Images

A federal judge accused Facebook of 'gaslighting' users impacted by data breaches and fined the site and its lawyers nearly $1 million

Tech Insider : Technology
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Facebook CEO Mark Zuckerberg testified before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington, Tuesday, April 10, 2018, about the use of Facebook data to target American voters in the 2016 election. (AP Photo/Pablo Martinez Monsivais)

Pablo Martinez Monsivais/AP

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