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Graphic Truth: Russia’s declining fossil fuel revenues
Graphic Truth

Graphic Truth: Russia’s declining fossil fuel revenues

In terms of volume, Russia’s fossil fuel exports have declined a little since the full-scale invasion of Ukraine began in 2022. In terms of revenue, they’ve dropped significantly.

​A French navy boat intercepts and redirects a suspected Russian oil tanker in the Gulf of Fos-sur-Mer, near Martigues, France, on January 25, 2026.
Hard Numbers

Hard Numbers: Russia reportedly smuggles its oil in droves, Tunisia slips further away from democracy, Argentina’s labor reform bill clears another hurdle, Rough day for diamond giant

$90 billion: The amount of revenue that Russia has reportedly made from smuggled crude oil exports, after 48 companies worked together to help disguise the origin of the oil and circumvent sanctions that have been imposed since the full-scale war on Ukraine began.

​World Central Kitchen staff hand out free soup in a neighbourhood that experiences electricity and heating outages following recent Russian attacks on Ukraine’s civilian infrastructure during subzero temperatures in Kyiv, Ukraine February 3, 2026.
Hard Numbers

Hard numbers: Russia bombards Ukraine again, Spain considers social media ban, Rape trial begins for son of Norwegian royal

1,170: The number of high-rise buildings in Kyiv that were left without heating following a barrage of Russian attacks last night on Ukraine’s capital and its energy facilities, per Kyiv Mayor Vitali Klitschko.

​US President Donald Trump and Indian Prime Minister Narendra Modi at the White House in Washington, D.C., USA, on Feb. 13, 2025.
What We're Watching

What We’re Watching: Trump and Modi make up, Turkey’s Erdogan goes to Riyadh, A step toward peace in the DRC

US President Donald Trump speaking to his supporters at a rally in Washington, D.C., USA, on January 6, 2021, just hours before an attack on the Capitol took place.
Hard Numbers

Hard Numbers: Fifth anniversary of Jan. 6 attack, Maduro arrest nets one gambler huge sum, Indian imports of Russian oil set to drop further, Netflix enters geopolitical dispute

​The Guinea-flagged oil tanker MT Bandra, which is under sanctions, at El Palito terminal, near Puerto Cabello, Venezuela, on December 29, 2025.
Analysis

Geopolitical uncertainty? Oil markets no longer care

There have been several geopolitical shocks this year, yet none have stopped oil prices from plunging, showing how oil markets have become more risk tolerant.

US President Donald Trump announces tariffs on US trading partners at the White House in Washington, DC, USA, on April 2, 2025.
Analysis

The top geopolitical stories of 2025

From civil conflicts to trade wars to the rise of new technologies, GZERO runs through the stories that have shaped this year in geopolitics.

​US President Donald Trump and Indian Prime Minister Narendra Modi at the White House in Washington, D.C., USA, on February 13, 2025.
Analysis

Is a US-India détente near?

After months of tensions between the world’s richest country and the world’s most populous one, it appears that the United States and India are on the verge of making a trade deal.

​US President Donald Trump and Hungary's Prime Minister Viktor Orbán shake hands in Sharm el-Sheikh, Egypt, on October 13, 2025.
What We're Watching

What We’re Watching: Orbán seeks Russian oil carveout from Trump, Nigerien uranium to pass through risky area, Israel hits southern Lebanon

​Democratic candidate for New York City mayor, Zohran Mamdani, at a polling site in the Queens borough of New York City, USA, on November 4, 2025.
What We're Watching

What We’re Watching: Some Americans head to the polls, German U-turn on Syrian asylum policy, Russia may have to find new oil buyers