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As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
Sanctions on refined oil products were effected on 5 February 2023 [5] and apply to the following Russian oil products falling under combined nomenclature code 2710, [6] being "Petroleum oils and oils obtained from bituminous minerals (excluding crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic ...
The French oil major has said it would no longer enter into or renew the existing contracts to buy Russian crude oil and petroleum products, with the aim of halting all purchases by the end of 2022.
Changes in the composition of seaborne diesel exports from Russia, 2022–2024. During and after Russian intervention in the Syrian civil war in 2015, sanctions have been used against Russian tankers by the United States, including product tankers Sudak (IMO:8943155) and Sig (IMO: 9735335), chemical tanker Stalingrad (IMO: 9690212) and the combined chemical and oil tankers Marshal Zhukov (IMO ...
Russian oil provides a critical and irreplaceable segment of the global oil supply," the lawmakers said. "However, allowing Russia to benefit from Western technology and expertise only increases ...
The Hungarian oil group, which operates three refineries in Croatia, Hungary and Slovakia, continues to buy Russian crude via Druzhba pipeline, as well as refined products, a company source told ...
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split.
suspend all consulting in Russia [2] 2022: BP: Oil and gas United Kingdom: Stake in Russian oil giant Rosneft. [29] 2022: Budějovický Budvar: Brewer Czechia: Stopped taking new orders from Russia [30] 2022: Bridgestone: Tyre manufacturer Japan: Suspended manufacturing and investment in Russia. [31] 14 March 2022: Burberry: Fashion retail ...