The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.

An insurance association has warned members to reassess their exposure to Russian oil due to divergent price cap regimes by ...

The European Union will implement a new dynamic ceiling on Russian oil prices beginning Sept. 3, as part of its 18th ...

India’s purchase of Russian oil has supported US policy objectives by helping stabilise global energy prices, former US ...

The move aims to overcome resistance from some EU member states. In June, the Commission had suggested lowering the G7 price cap from $60 to $45 per barrel under its 18th sanctions package against ...

Canada announced on Aug. 8 that it will join allies in lowering the price cap on Russian oil in response to Russia's ongoing ...

Canada is going to adopt a new price cap on Russian oil at $47.6 per barrel along with the European Union and United Kingdom, ...

U.S. President Donald Trump is leveraging tariffs and sanctions to discourage China and India from purchasing Russian oil, ...

Donald Trump threatened tariffs on India for buying Russian oil, contradicting US sanctions designed to cap prices without ...

India has said it will continue purchasing crude from Russia, despite Trump’s remarks that it has stop buying Russian oil, clarifying that there’s been no change in its energy policy, says report.

Trump made the statement on Friday, calling the potential move “a good step” if true. But Indian officials pushed back, reiterating that India’s energy policy is grounded in national interest and ...

Indian oil refiners continue to source oil from Russian suppliers, sources told ANI. Their supply decisions are guided by price, grade of crude, inventories, logistics and other economic factors, the ...