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
Seven weeks after sending a new commander to Ukraine to oversee a refocused invasion, Russia faces a truth that a former American defense secretary, Donald Rumsfeld, defined as the necessity Continue Reading
Russia’s flagship crude grade, which was sold mostly to Europe before the Russian invasion of Ukraine, is still selling, but predominantly in Asia, and at a huge discount to Dated Continue Reading
The federal Russian government will increase minimum wages and pensions from June 1 as it seeks to counter the effects of double-digit inflation closely linked to Western sanctions. Inflation in Continue Reading
As in many parts of the world, gasoline prices in the UK hit a fresh record high on Tuesday amid rallying oil prices after the partial EU ban on Russian Continue Reading
Russian gas flows to Europe fell on Wednesday after Moscow widened European cuts and halted Dutch, Danish and German contracts over refusals to accept Moscow’s roubles-for-gas payment scheme. Eastbound gas 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
The United States will send Ukraine advanced rocket systems and munitions as part of a new $700 million package of military equipment intended to help the Ukrainians fight back against Continue Reading
