Russian Foreign Minister Sergei Lavrov began talks with Turkish officials on Wednesday toward a possible deal to create a sea lane to export grain from Ukraine as a part of Continue Reading
The EU’s ban on Russian oil imports by sea could impact as much as 75% of Russia’s crude oil delivery to the bloc. Russia is looking to skirt sanctions by Continue Reading
The EU’s sixth sanctions package on Russia, combined with existing plans, implies an end to over 90 percent of Russian oil sales to the EU by the end of 2022. Continue Reading
Volumes up, revenues down Photographer: Nathan Laine/Bloomberg Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. That’s because of the big Continue Reading
Russia’s U.N. Ambassador Vassily Nebenzia stormed out of a U.N. Security Council meeting on Monday as European Council President Charles Michel addressed the 15-member body and accused Moscow of fueling Continue Reading
The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Continue Reading
While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian Continue Reading
Boasting a quarter of the planet’s gas reserves and more than 5 per cent of its crude oil, Russia’s economy has long been dominated by the energy sector. As the Continue Reading
Barclays on Monday raised its Brent crude price forecasts by $11 per barrel for 2022 and $23 for 2023, citing a larger and sustained disruption in Russian supply following sanctions Continue Reading
Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most recent example is a ship-to-ship transfer Continue Reading
Russia has bombed, blockaded and plundered the grain production capacity of Ukraine, which accounts for one-tenth of global wheat exports, resulting in dire forecasts of increased hunger and of spiking food prices Continue Reading
Britain said Monday it will send Ukraine multiple launch rocket systems that can strike targets up to 50 miles away, despite a threat from Russian President Vladimir Putin that Moscow would attack Continue Reading
Medvedev expects Europe to use ‘gray’ mechanisms to import Russian oil Sees Europe facing oil deficit due to sixth sanctions package Russia expects to get around the EU ban on Continue Reading
Russian litigants fighting cases in London’s High Court are being forced to find new representation as the biggest UK-based law firms are increasingly refusing to act for them in the Continue Reading
Russian Foreign Minister Sergei Lavrov on Saturday said Western sanctions would have no effect on the country’s oil exports and predicted a big jump in profits from energy shipments this Continue Reading
Russians are seeing two versions of the war in Ukraine through one of the biggest platforms for news in the country, the social media and chat app Telegram . One Continue Reading
Ukraine said it had recaptured a chunk of the factory city of Sievierodonetsk, the focus of a Russian offensive to take the eastern Donbas region, and could hold it for Continue Reading
Vladimir Efimov, a local politician on the Kamchatka Peninsula in Russia’s Far East, was charged with “discrediting the army” and ordered to pay a $500 fine three times in recent Continue Reading
Russia’s Finance Ministry expects $6.37 billion in additional oil revenue in June. Russian oil exports haven’t fallen off a cliff, while it continues to sell natural gas to most of Continue Reading
Russian officials have raised increasingly frustrated requests for greater support during discussions with Beijing in recent weeks, calling on China to live up to its affirmation of a “no limits” Continue Reading
European Union’s embargo on oil imports from Russia may result in significant shortages of oil and oil products in Europe, Russian Deputy Prime Minister Alexander Novak said on Thursday, also Continue Reading
Russia is confident that it will be able to restore in June oil production lost in March and April, with this month seen as “maximum recovery relative to previous levels,” Continue Reading
European Union ambassadors approved on Thursday the proposed partial ban on Russian oil imports into the EU as part of a sanctions package that also aims to cut Russia off Continue Reading
P&I cover unavailable for sanctioned location voyages Japan closely watching EU insurance ban on Russia ships Russian shipping gets costlier The European Union’s ban on insurance and reinsurance of Russian Continue Reading
Sanctions-hit Russia has limited exports of noble gases such as neon, a key ingredient for making chips, until the end of 2022 to strengthen its market position, its trade ministry Continue Reading
Germany must work harder to reduce its energy-dependence on Russia but Western sanctions in response to Moscow’s invasion of Ukraine are still taking a heavy toll on the Russian war Continue Reading
Biden administration officials are divided over how much further the US can push sanctions against Russia without sparking global economic instability and fracturing transatlantic unity. Biden administration officials are divided Continue Reading
A steep discount in Russian diesel prices compared with fuel produced by other countries has spread to the European barge market in two-tier trading that is likely to continue as Continue Reading
Russia’s factories suffered a sharp fall in output in April, with auto production leading the way down, falling 61% from last year as Western sanctions in response to the invasion Continue Reading
Russian gas flows to Europe dipped slightly on Thursday morning, with reverse flows on the Yamal-Europe pipeline also easing, all in line with customer requests, operator data showed. Physical flows Continue Reading
The damage inflicted on Russia by sanctions was on full display in April as the economy swung into a contraction, with industrial production dropping and retail sales suffering their worst Continue Reading
Russia’s failure to pay $1.9 million in accrued interest on a dollar bond will trigger payouts potentially worth billions of dollars, a panel of investors determined on Wednesday, as the Continue Reading
The old nuclear order, rooted in the Cold War’s unthinkable outcomes, was fraying before Russia invaded Ukraine. Now, it is giving way to a looming era of disorder unlike any Continue Reading
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
Russian oil companies led by Rosneft (ROSN.MM) plan to re-open wells in June that they had shut due to Western sanctions, four sources said, as firms bank on a pick-up 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
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
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
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
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’s decision to cut 90% of its oil imports from Russia will accelerate a move already underway – that is Moscow trying to sell as much crude as Continue Reading
The London Stock Exchange said on Tuesday it has canceled securities of Russian energy company Gazprom (GAZP.MM) from admission to trading at the company’s request. Gazprom said earlier this month Continue Reading
Natalia Klyueva started her hunt for a new Moscow job in February — just before Russia’s invasion of Ukraine and the west’s wave of retaliatory sanctions. Three months later, the Continue Reading
