Being under sanctions does not prevent Russian banks from maintaining full stability, generating strong profits, and continuing to expand, Russian presidential spokesman Dmitry Peskov said at a briefing while commenting on the EU's plans to impose new sanctions on Russia's banking system.
The European Union is considering imposing new restrictive measures against Russian companies Lukoil and Rosneft as part of preparations for the 21st sanctions package, Politico reported, citing documents related to negotiations on sanctions policy.
U.S. Treasury Secretary Scott Bessent suggested the U.S. administration could remove some sanctions on Iran depending on how matters proceed in the current standoff with Tehran.
The restrictions target 14 entities and four individuals associated with Russian payment systems
Following Washington's example, the UK has loosened restrictions on Russian oil due to the tensions in the Strait of Hormuz.
The USA government has opted to temporarily ease sanctions on Russian oil in response to the necessity of stabilizing the energy market.
Armenian Prime Minister Nikol Pashinyan said Armenia will not impose sanctions on Russia, but will also avoid any actions that could expose Yerevan to international sanctions.
The U.S. Department of the Treasury has issued a license for transactions for the sale of Lukoil's foreign assets until May 30, 2026, according to a statement by the Department of the Treasury’s Office of Foreign Assets Control (OFAC).
EU Foreign Ministers agreed on the latest, 20th package of sanctions against Russia. Furthermore, EU diplomats approved €90 billion in funding for Ukraine.
Oil has resumed flowing through the Druzhba pipeline to Slovakia after a three-month shutdown, Slovak Economy Minister Denisa Sakova said.
The EU is set to finalize its latest round of anti-Russian sanctions by Thursday evening. The last package was adopted six months ago.
The U.S. administration plans to resume its sanctions against Russian oil after it is no longer necessary to lower energy prices amid the developments around Iran, U.S. Secretary of Energy Chris Wright said.
A cargo of liquefied natural gas from Russia's Portovaya plant on the Baltic Sea that is under U.S. sanctions is on its way to India, Reuters reported, citing LSEG shipping data.
Acording to the US Treasury Secretary, Russiain and Iranian oil will remain subject to sanctions, without any exceptions.
U.S. sanctions on Russian oil are back on after the U.S. administration let a waiver expire this weekend, Politico reported.
KazMunayGas (KMG) and Russia's Lukoil are now trying to solve the issue of financing the further implementation of the Kalamkas-Sea and Khazar projects in Kazakhstan's sector of the Caspian Sea, head of the Kazakh state oil company Askhat Khassenov said.
The United States confirmed during talks with representatives of allied countries its intention to continue the process of easing sanctions on Russian oil amid rising global prices, Bloomberg reported citing sources.
They had been under restrictions since the spring 2022
According to Prime Minister Robert Fico, Slovakia may oppose the EU's adoption of a new package of anti-Russian sanctions.
U.S. Treasury Secretary Scott Bessent said the maximum extra amount of oil revenue Russia could get would be $2 billion.
