On 18 July the EU and the UK announced their 18th package of sanctions against Russia since it invaded Ukraine in 2022. It's their most stringent set of punishments yet, but if the sanctions are ...

US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.

India has firmly rejected NATO's warning of secondary sanctions, asserting it will continue to purchase oil from Russia or any other country to ensure energy security for its citizens, despite ...

EU sanctions Rosneft-owned Nayara refinery in India and lowers Russian oil cap to $45–$50/barrel. India may benefit, but faces risk amid geopolitical pressure.

Russia oil sanctions: EU moves on crude, oil price cap may hit Reliance, Nayara; enforcing may be difficult, India may still benefit ...

India remains unconcerned by potential secondary sanctions on Russian oil buyers, asserting its diversified supply sources will ensure uninterrupted crude flows.

Russia has become India’s top crude supplier since the Ukraine conflict, now accounting for over 35% of India’s total oil imports. Indian refiners turned to Russian barrels due to steep ...

The lowered oil price cap - currently set at USD 60 per barrel - means Russia will be forced to sell its crude at reduced rates to buyers like India. As the second-largest purchaser of Russian oil, ...

The EU's 18th sanctions package against Russia, targeting oil trade and closing loopholes, has driven up oil prices, with Brent Crude returning above $70 a barrel.

EU sanctions unlikely to impact Russia's oil revenue severely India and China may continue buying discounted Russian crude Trump's secondary sanctions could pressure Russia but risk global oil ...

India News: Nayara Energy's Gujarat refinery becomes the first in India to face Western sanctions as the EU tightens restrictions on Russian oil exports, aiming t ...

EU policymakers on Friday signaled that the price at which non-G7 countries could purchase Russian crude and access G7 logistics services has been lowered.