Environmental news
01/08/2025RUSSIA BANS OIL EXPORTS UNTIL AUGUST 2025
The Russian government on July 28 decided to ban oil exports by major producers until August 2025, with a possible extension until September 2025. The ban comes amid record-high oil prices on the exchange. The decision is aimed at maintaining stability in the domestic fuel market during a period of high seasonal demand and agricultural […]
Environmental news
01/08/2025RUSSIA ESTIMATES THE COST OF THE BLACK SEA OIL SPILL AT $1 BILLION
More than three months after the Black Sea oil spill, cleanup efforts continue in Russia’s Krasnodar region. Damages could reach $1 billion. Local authorities reported that approximately 800 tons of oil-contaminated materials have been collected to date. Russian President Putin called it the worst environmental disaster in recent years, saying that efforts to clean up […]
