Rosneft's Net Profit Down 73%

Russia's largest oil producer reported a significant profit decline for 2025 due to higher interest rates and taxes.

Rosneft, Russia's largest oil producer, reported on Tuesday that its net profit for 2025 decreased by 73% to 293 billion rubles ($3.6 billion) due to rising interest rates, an increase in the profit tax, and other factors.

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2026-04-01T00:51:46+00:00

Explosion at Russian Chemical Plant

A massive explosion at Russia's largest chemical plant killed two and injured 72. Equipment malfunction caused the accident. Authorities are investigating.

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Lavrov on Global Restructuring and US Plans

Russian Foreign Minister Sergey Lavrov accused the US of seeking to control oil and gas resources by changing regimes in Iran and Venezuela. He warned of the risk of conflict escalation in the Middle East and confirmed Russia's readiness for mediation.

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Russia Confirms Continued Aid to Cuba After Oil Delivery

Russia has confirmed the delivery of 100,000 tons of oil to Cuba after the US temporarily allowed such supplies. Kremlin spokesman Dmitry Peskov stated that Moscow will continue to help the island, which is engulfed in an energy crisis.

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2026-03-28T13:17:33+00:00

Rosatom and DP World to create joint venture in logistics

The Russian state nuclear corporation Rosatom and DP World have signed an agreement to create a joint venture in logistics services. Rosatom will receive a 51% stake by transferring its share in FESCO, while DP World will contribute a 49% cash stake.

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