Russia refuses to supply oil to countries supporting price cap
Russia will not supply oil to the countries that maintain a price ceiling, Deputy Foreign Minister Andrey Rudenko said. The energy markets …
Russia will not supply oil to the countries that maintain a price ceiling, Deputy Foreign Minister Andrey Rudenko said. The energy markets …
U.S. authorities will allow a Russian oil tanker to reach Cuba despite Washington’s energy blockade of the island, The New York Times reported.
According to Prime Minister Robert Fico, Slovakia may oppose the EU's adoption of a new package of anti-Russian sanctions.
The demand for Russian oil is high globally and Russia may soon find it difficult to satisfy it, Kremlin Spokesman Dmitry Peskov said.
U.S. Treasury Secretary Scott Bessent said the maximum extra amount of oil revenue Russia could get would be $2 billion.
Indonesia has announced its readiness to purchase oil from Russia following the partial lifting of U.S. sanctions on the Russian energy resource, the country's Minister of Energy and Mineral Resources Bahlil Lahadalia said.
Washington may reinstate US sanctions against Russian oil once the conflict with Iran is resolved.
The flow of Russian oil into global markets following the easing of US sanctions is helping stabilize them, Kremlin Spokesman Dmitry Peskov said.
Russia sees U.S. moves to ease oil sanctions against Russia as an attempt to stabilize energy markets, Kremlin Spokesman Dmitry Peskov told a briefing.
Washington has temporarily lifted restrictions to the sale of Russian oil and petroleum products loaded onto tankers by March 12, with the sanctions relief set to last for a month.
The Georgian port of Kulevi will remain free from sanctions, as the EU has determined that there are no grounds to impose any restrictions on it.
U.S. President Donald Trump announced that Washington will lift oil sanctions on some countries and may even refrain from reinstating those.
The EU should immediately lift the ban on the use of Russian oil and gas in all EU countries to prevent a shortage of energy and a sharp increase in prices due to the Middle Eastern tensions, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said following urgent meetings of the defense and energy security councils convened by Prime Minister Viktor Orban.
Washington could decide to further ease sanctions on Russian oil, U.S. Treasury Secretary Scott Bessent told the Fox Business TV channel.
The U.S. Department of the Treasury sanctions on Russian oil will be lifted if the Ukrainian crisis is resolved peacefully, which will contribute to a reduction in global energy prices, U.S. Treasury Secretary Scott Bessent said.
The EU plans to include restrictions on third countries for the first time in its upcoming 20th package of sanctions against Russia, targeting port operations in Georgia and Indonesia, according to media.
Europe has lowered the price ceiling for Russian oil from $60 to $44.1 per barrel. This marks the first use of the price adjustment mechanism since its introduction as part of sanctions.
The Hungarian government does not intend to comply with the European Union's ban on Russian gas supplies and is considering various ways to bypass it, Hungarian Prime Minister Viktor Orban said on the Kossuth radio station.
The EU will lower its price cap on Russian crude oil to $44.1 per barrel, with the new rate taking effect on February 1, 2026.
Russia has replenished the oil produced last year: while production was 0.52 billion tons, geological exploration found 0.67 billion tons in 2025, of which 0.49 billion tons are ready for production.