Group of Seven Nations are not likely to revise a price cap on Russian oil this week, two European Union officials and one ...

The IEA said Russia's estimated oil export revenues fell to $11.6 billion last month, down $2.7 billion from January when ...

The measure is eating into Kremlin fossil fuel export profits and exacerbating a ballooning budget deficit amid Russia's war ...

Leaders of the European Union member states agreed on Thursday to continue sanctions pressure on Russia, including limiting ...

Russia is overhauling how oil companies are taxed, aiming to bolster state revenues by capturing a bigger share of crude ...

It was a bit more than six months ago when the G-7 announced a novel plan to try and cap the price of Russian oil worldwide.

Ukrainian President Volodymyr Zelenskyy urged on Saturday that a price cap on Russian seaborne oil be set at $30-$40 per barrel, much lower than the level proposed by the G7, Reuters reported. EU ...

The Biden administration is fending off pressure to lower the Russian oil price cap, insisting that it is achieving its ...

EU countries on Friday agreed a cap on the global price of Russian petroleum products, ahead of a full import ban on Russian oil products that comes into force on Sunday. Ambassadors agreed to cap the ...

Moscow is poised to alter the taxation of Russian oil companies in order to increase state revenues by tapping into crude oil ...

Russia's oil-export revenue sank by almost half in February compared to last year as Western powers tightened sanctions on ...