Senior Finance Ministry and central bank officials have warned Vladimir Putin that defense spending is driving the federal budget deficit to unsustainable levels, Bloomberg reported, citing people familiar with the discussions.

Ukraine’s military said it attacked the Rosneft PJSC’s Saratov oil refinery in southwestern Russia and an oil-pumping unit elsewhere, while local authorities reported overnight drone fires and attacks at undisclosed industrial facilities.

EADaily, May 20th, 2026. Chinese President Xi Jinping in his speech after meeting with Russian President Vladimir Putin in Beijing has allowed itself a number of critical statements about the United States and Japan.

Ukraine's drones targeted at least eight of the 10 biggest refineries last month, as per Bloomberg's tally of public statements from both countries.

The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter.

(Bloomberg) -- Russia said drone debris struck a cargo vessel in a bay of the Azov Sea overnight while Moscow’s forces targeted several Ukrainian regions, including a deadly strike in Dnipropetrovsk, as the war showing no signs of slowing down.

Lavrov calls Rubio at Putin's request, warns of strikes on Kyiv's 'decision-making centres' according to Bloomberg

Russia’s Boeing and Airbus passenger planes are kept in the air with equipment and spare parts that move via an under-the-radar network passing through India, Turkey, the UAE and Kazakhstan, among others.