Russian finance minister noted that government plans to spend the revenue on domestic needs this year.
Ukraine's Zelenskyy vows to defend his country's territory while President Putin issues order to fast track Russian citizenship for residents of Kherson and Zaporizhzhia, as fighting stretches to its 92nd day.
Following the Ukraine conflict, American energy firms have taken the opportunity to increase energy production putting action against climate crisis on the back-burner.
The company saw its shares valued at $2.42 trillion, while Apple's stood at $2.37 trillion when market closed.
Part of the reticence to spend more to drill comes as the oil giants ramp up investment in hydrogen, carbon capture and storage and other low-carbon ventures amid pressure from environmental, social and governance (ESG) investors.
The country's National Oil Corporation said that after the "forced closure" of the Al-Fil field, workers of several companies were "forced" into a shutdown of production at several sites.
Public and political opinion in the EU is swinging towards a total energy ban as Moscow's assault in Ukraine grinds on and yields discoveries of atrocities.
As Washington withdraws from the region, Beijing expands its influence.
From April 1, buyers will transfer payments into Russia's Gazprombank account in foreign currency, which the bank will then convert into roubles and transfer into the buyer's rouble account.
The South Asian giant has already imported six million barrels from Russia in contracts for March and April, which is about half of its entire volume last year.
Russian forces in Ukraine appear to have shifted their focus to what Moscow calls the liberation of the contested Donbass region, as the conflict enters its second month.
It is now problematic for Moscow to sell natural gas in dollars or euros due to sanctions, says chairman of Russia's State Duma Committee on Energy.
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