A group of Western insurers has said a Russian oil price cap has become unenforceable and only pushed more ships into joining ...
Moscow has dramatically reduced its need for Western ships or services by building up a shadow fleet of tankers.
Russia’s oil storage capacity is limited. When a refinery is destroyed or damaged, therefore, extracted crude oil cannot ...
The UK has a limited record of sanctions enforcement — imposing fines of only £20.7 million ($25.9 million) since January ...
A Group of Seven-imposed cap on the price of Russia oil is becoming increasingly unenforceable, an organization at the heart ...
Russia's Urals crude is selling for $75 per barrel, exceeding the G7's $60 price cap. The US believes broader market trends and geopolitics are driving the higher price. Tighter sanctions ...
Russia’s oil revenue more than doubled in April from a year earlier, despite international sanctions intended to limit the ...
Russian oil is trading far in excess of a Group of Seven price cap that's supposed to deprive Moscow of revenue for its war in Ukraine. Russian oil is trading far in excess of a Group of Seven ...
Russia's oil and gas revenue in April will almost double year on year to $14 billion thanks to rising prices, Reuters ...
WASHINGTON: Once seen as misguided and unworkable, the United States-conceived price cap on Russian crude oil exports is showing signs of success – for now – since it was implemented late last ...
By David Lawder and Christian Kraemer (Reuters) -Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine ...
Despite Western sanctions meant to curtail energy exports and squeeze its economy, experts say Russia is using its so-called ...