Russia is facing a fuel shortage

The head of Russia's biggest oil company is warning that the world's second largest oil producing nation could soon face a fuel shortfall.

Rosneft Said to Ask State for Up to $42 Billion After Sanctions

OAO Rosneft (ROSN) asked the state for as much as 1.5 trillion rubles ($42 billion) of aid, a government official said, signaling a U.S. ban on long-term loans to Russia’s largest company is starting to bite.