Europe’s phased-in rather than an immediate embargo on Russian oil gives Moscow time to re-route volumes to new customers in Asia in the next six months, Russian analysts and traders Continue Reading
The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow’s invasion of Ukraine. The ban Continue Reading
Russia widened its gas cuts to Europe on Tuesday with energy giant Gazprom (GAZP.MM) turning off supplies to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels. Continue Reading
The European Union is set to impose its toughest sanctions yet on Russia, banning imports of its oil and blocking insurers from covering its cargoes of crude, officials and diplomats Continue Reading
Inflation in the eurozone reached an annual 8.1% in May, underlining the growing cost to households of Russia’s invasion of Ukraine and of the sanctions European governments have imposed in Continue Reading
The European Union’s partial embargo on Russian oil sounds impressive, but it is the bloc’s insurance ban on crude shipments that packs the most punch. After weeks of political wrangling Continue Reading
The UK and EU have agreed a coordinated ban on insuring ships carrying Russian oil, shutting Moscow out of the vital Lloyd’s of London insurance market and sharply curbing its Continue Reading
European natural gas prices declined, with Russia unlikely to cut flows to additional buyers after a dispute over payment terms demanded by Moscow. Benchmark futures dropped as much as 8.9%. Continue Reading
The UK and EU have agreed a co-ordinated ban on insuring ships carrying Russian oil, shutting Moscow out of the vital Lloyd’s of London insurance market and sharply curbing its Continue Reading
European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for Continue Reading
