EU moves to freeze Russian oil price cap to deny Moscow a windfall
The European Union, alongside the G7 and Australia, has capped the price of Russian oil since December 2022.
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EU eyes US jet fuel imports as Middle East disruption bites
European transport ministers have met in emergency session to discuss options for importing jet fuel from the United States and other alternative suppliers, as disruptions…
EU to cut Russia’s oil cash, if the West can agree
Brussels said it wanted to squeeze Moscow's war chest by slashing the price Russia charged for crude oil.
Sanctions loophole: Oil price fall lets Greek ships resume Russian crude trade
Greek oil tankers have quietly resumed shipping Russian crude as Urals Oil prices slide under the G7 cap, exposing a Western sanctions loophole.
Russia indirectly hit by US-EU trade tensions as volatility spikes, expert says
The huge wave of US tariffs imposed on almost every country except Russia, and the trade negotiations that stemmed from it, have hit Moscow's energy interests and…
Trump calls to ‘open up’ North Sea, get rid of windmills
U.S. President-elect Donald Trump called to "open up" the British North Sea and get rid of windmills in a post on his social media platform Truth Social on Friday.
EU and allies look to tighten Russian oil-price cap
The European Union and 12 partner nations gathered in Brussels on September 24 to assess the impact of Western sanctions on Russia.
Germany blocks CO2 vouchers for oil companies over fraud concerns in China
Germany's Environment Agency announced on Friday, September 6, that it rejected carbon credits for 215,000 tons of CO2 emissions from oil companies due to suspected…
‘Clapped-out second-hand tankers’ enable Russian oil to avoid Western price-cap sanctions
The majority of oil exported by the Russian Federation is avoiding price-cap sanctions imposed upon it by the West.