EuropeRussia’s Oil-Dependent Economy Struggling as Sanctions Begin to Bite, Say ExpertsA senior market analyst said Russia’s fiscal health and the stability of its currency was linked to movements in the price of crude oil.00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintRussian Prime Minister Vladimir Putin opens a throttle during the opening ceremony for the Russian section of the Russia-China oil pipeline in the Amur region, Russia, on Aug. 29, 2010. Alexey Druzhinin/AFP via Getty ImagesChris Summers10/25/2025|Updated: 10/26/20250:00X 1News AnalysisPresident Donald Trump announced new sanctions on Russia on Oct. 22, targeting its two largest oil companies, Rosneft and Lukoil.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentChris SummersAuthorChris Summers is a UK-based journalist covering a wide range of national stories, with a particular interest in crime, policing and the law. Author’s Selected ArticlesWhy Russia Support for Bosnian Serbs in Western Balkans Is Opposed by EU, NATONov 15, 2025Chinese ‘Cryptoqueen’ Sentenced in UK for Over $6 Billion Bitcoin ScamNov 12, 2025Drug Traffickers Using ‘Parasite Smuggling’ to Diversify Risk, Experts SayNov 08, 2025GPS Spoofing, Jamming Attacks in the Air Are Increasing, Experts SayNov 02, 2025