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Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases but the 27 members of the European Union have not been able to agree on the embargo. The EU ...
The move is meant to cut Russia's revenues for continuing the war that has killed or wounded tens of thousands and reduced cities to rubble since Moscow invaded Ukraine in February, 2022 ...
An oil refinery in the Russian city of Ufa was on fire, the state RIA news agency reported today, citing the regional branch of Russia's emergency ministry. "There is no threat to residents of ...
The Biden administration has imposed some of its toughest sanctions yet on Russia, in a move designed to hit Moscow's energy revenue that is fuelling its war in Ukraine. The measures target more ...
As part of the sanctions which have been imposed on the Russian Federation as a result of the 2022 Russian invasion of Ukraine, on 2 September 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort which was intended to reduce Russia's ability to finance its war on Ukraine and curb further increases in the 2021–2022 ...
The number of ships considered in violation of the embargo can be significant. In October 2023, 2 carrying crude oil and 21 with oil products were identified, out of a total of 182 tankers carrying oil from Russian Black Sea ports that month. [5] In 2023, under 5% of Russian crude oil products went to Europe, a fall of 90% in the year. [6]
The sanctions, imposed on Russia for its war in Ukraine, would cause severe disruption of Russian oil exports to its major buyers India and China, four sources in Russian oil trade and three ...
The logo of PJSC Lukoil. The Lukoil oil transit dispute is an ongoing international relations dispute between Ukraine and the European Union at odds with Hungary and Slovakia regarding the allowance of the pipeline transfer of Russian oil Lukoil through Ukrainian territory.