Russian oil

Ukrainian drones overnight struck one of Russia’s largest oil refineries, sparking a fire, according to Russian officials and Ukraine’s military.

President Donald Trump joined European leaders on a call Thursday and encouraged them to halt purchases of Russian oil that are in turn helping to fund the war in Ukraine and to economically pressure China for helping to subsidize Russia’s campaign.

European leaders descended on Washington, DC, on Monday in an expression of solidarity with Ukrainian President Volodymyr Zelensky ahead of peace talks with U.S. President Trump. However, critics noted that despite the bluster from Brussels, Europe sent more money to Russia for energy than it did to Kyiv in aid last year.

India’s political opposition is furious with Prime Minister Narendra Modi for failing to secure a trade deal with the United States.

Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed, the pipeline operator said.

The latest oil price-tracking data suggests Russian crude oil is selling far above price caps imposed by the G7 nations in 2022.

The Biden administration forecast that its sanctions against Russia would be crippling. To put it mildly, this has not worked out as planned.

A Milan prosecutor has dropped an investigation claiming that Matteo Salvini’s League engaged in corrupt dealings with Russia. 

Britain is increasing purchases of Indian oil amid the Western sanctions war with Russia – but much of it is likely refined from Russian product sold to India at a discount. 

The European Union has seen imports of liquid natural gas from Russia rise to record levels this year, sending billions of euros to Moscow.

European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions following Donbas annexations.

Indian Minister of External Affairs Subrahmanyam Jaishankar said at the United Nations on Saturday that his nation would not take sides in the Ukraine conflict following months of criticism for purchasing large amounts of Russian oil.

Lockdowns may return although with a different pretext, with harsh COVID-style rules planned should the Ukraine crisis cause a fuel shortage.

BRUSSELS (AP) – European Union leaders will gather Monday in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go to help the war-torn country.

Former German chancellor Gerhard Schröder has quit his role on the supervisory board of the Russian oil company Rosneft after pressure from the European Union.

The European Union’s High Representative for Foreign Affairs and Security Policy says there is no guarantee that the 27-nation bloc will be able to finalise a new set of sanctions against Russia, with a small group of countries led by Hungary opposing a full oil embargo.

An EU wide embargo on Russian oil could lead to serious fuel shortages in many parts of Germany, one of the country’s ministers has admitted.

The EU proposed plans to impose an embargo on Russian oil by the end of the year as a part of its sixth round of sanctions against Moscow.

The leftist coalition government of Germany has thrown its support behind the move for the European Union to impose an embargo on Russian oil.

Germany was the largest customer of Russian energy of any country during the first two months of the invasion of Ukraine, a study found.

France said it will push for an EU-wide embargo on Russian oil to dry up a crucial energy revenue stream for Vladimir Putin’s government.

Russia has said that it is looking to Asia as a potential market for oil as Germany commits itself to wean itself off of Moscow’s supply.

Boris Johnson’s green agenda appears to have fallen by the wayside, with the British PM now pushing for a so-called ‘dash to nuclear’.

Britain’s Prime Minister Boris Johnson is running damage control after three men were executed during his oil-begging visit to Saudi Arabia.

MILAN (AP) – Italian paper mills that make everything from pizza boxes to furniture packaging ground to a halt as Russia’s war in Ukraine has sent natural gas prices skyrocketing.

Prime Minister Boris Johnson may travel to Saudi Arabia next week to beg for increased oil production as sanctions restrict Russian exports, despite the dictatorship executing 81 people en masse on Saturday.

US Secretary of State Antony Blinken has said that the US is in “active discussions” with their partners in Europe regarding banning the import of Russian oil.

Biden has conspicuously failed to sanction Russia where it hurts, refusing to halt U.S. imports of Russian oil.