Trump ‘pissed off’ with Putin, threatens 25% tariffs on Russian oil
US President Donald Trump has said he was "pissed off" at Russian President Vladimir Putin and would impose secondary tariffs of 25 per cent to 50 per cent on buyers…
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EU agrees new Russia sanctions targeting metals and ‘shadow fleet’
European Union envoys have agreed on the 16th round of sanctions against Russia, including a ban on primary aluminium imports and the listing of 73 "shadow-fleet"…
‘Western companies make billions selling oil tankers to Russia,’ report claims
Western shipowners have earned billions by selling tankers to Russia’s shadow fleet, helping Moscow circumvent European Union sanctions and keep its war economy…
NATO to ‘ramp-up Baltic Sea operations’ after suspected undersea cables sabotage
NATO has said it will boost its presence in the Baltic Sea after the suspected sabotage of an undersea power cable and four internet lines.
Finland detains Russia-linked oil tanker over suspected deep-sea cable sabotage
Finland has detained an oil tanker with links to Russia over concerns it intentionally damaged several deep-sea cables.
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.
Hungary energy supply ‘secure’ despite oil embargo, says foreign minister
Hungary's foreign minister Peter Szijjártó has stated the country's energy supply remained "secure" despite Ukraine curtailing its oil supply.
Brussels ‘co-ordinating’ oil embargo on Hungary and Slovakia, claims minister Szijjártó
Brussels is behind Ukraine's attempt to block oil from entering Hungary and Slovakia, Budapest's foreign minister, Péter Szijjártó, has claimed.
Slovakia threatens to halt diesel supply to Ukraine
Slovak Prime Minister Robert Fico has threatened to halt diesel deliveries to Ukraine if Kyiv does not resume the transit of oil via Ukraine to Slovakia from Russian…
Ukraine ‘blackmailing’ Hungary and Slovakia with oil shutdown, Budapest claims
Ukraine is attempting to "blackmail" Slovakia and Hungary with an oil embargo over both countries' positions on Russia's invasion, Budapest has claimed.
Hungary to ‘block EU Member State funds until Ukraine reactivates Russian oil transit’
Hungary has declared it will obstruct European Union reimbursements for Member States that have delivered munitions to Ukraine until Kyiv permits the transit of…
Hungary demands EU action after Ukraine cuts off Russian oil
Hungary has demanded action from the European Union after Ukraine's decision to cut off Budapest from much of its Russian oil supply.
Russian exploration vessels ‘discover the world’s largest oil reserves’ in Antarctica
Reports from Russian exploration vessels suggest vast amounts of oil and gas have been discovered in Antarctica, partly in areas claimed by the UK and Argentina.
Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary…
Russian oil terminals ‘legitimate targets’, Kyiv insists
Olha Stefanishyna, Ukraine's Deputy Prime Minister for European and Euro-Atlantic integration, said Russian oil refineries were legitimate targets for its forces.
US wants Ukraine to stop hitting Russian oil refineries
The US has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global…
German oil refinery Schwedt ‘guaranteed’ by Poland
German Economy Minister Robert Habeck said in Warsaw that Poland had "given reassurances" that it will continue to provide the country's Schwedt refinery with crude…
Berlin ‘looks to take over Russian oil assets in Germany’
The German Government is laying the groundwork for a possible nationalisation of Russia-backed oil company Rosneft Germany.
Sanctions nearly always fail: That is the lesson the EU and the United States should take from their vain attempts to curtail Russia and China
The last year has shown significant shortcomings when it comes to West’s ability to use economic statecraft as a tool in international politics.
Greece ‘behind Russia’s ability to evade EU sanctions’
After Russia’s invasion of Ukraine in February 2022, economic sanctions were imposed on Moscow by the European Union and others in a bid to pressure Moscow into…
Finland seizes trains from joint venture with Russia
Finland's state-owned railway company VR said it had seized four trains that it co-owned through a joint venture with its Russian counterpart, Russian Railways (RZD),…
‘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.
International Energy Agency foresees record oil demand and prices going up
The International Energy Agency's (IEA) latest Oil Market Report (OMR) predicts global oil demand to expand by 2.2 million barrels per day (mb/d) to 102.
EU prepares nuclear sanctions against Russia
The European Commission is working on the EU’s 11th round of sanctions against Russia in response to the war against Ukraine.
Russia sanctions evasion ‘massive’
Western sanctions against Russia have triggered large-scale evasion, according to Wopke Hoekstra, the Dutch Minister of Foreign Affairs.