Ukraine says 28 people were killed in a Russian missile and drone barrage, renewing Kyiv’s warning that oil revenues and weak sanctions prolong the war.
Zelenskyy used his UN address to link Russia’s war to energy revenues, global instability, AI risks and the long-term economic costs of conflict.
Russia’s July oil and gas revenues may rise 60% year-on-year due to higher global prices, despite sustained EU sanctions targeting its energy exports.
Reports claim the UAE agreed to unfreeze billions in Iranian oil revenues to halt attacks, amid advancing Iran-US peace talks; official UAE denial follows.
The US has ended its temporary easing of sanctions on Russian oil exports, a move with significant implications for global energy markets and economic policy amid ongoing geopolitical tensions.
The US has extended the suspension of sanctions on Russian oil shipments until May 16, impacting global energy markets and Russia’s oil revenue amid ongoing geopolitical tensions.