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

Russian President Vladimir Putin has extended retaliatory measures against a price cap on its oil imposed by Western countries until the end of 2024, according to a decree published on the ...

The EU has approved a new sanctions package targeting Russia and Belarus, overcoming a two-month-long impasse caused by a Slovak veto. Significantly, the bloc independently agreed to lower the Russian ...

Ukraine is urging the G7 to slash the price cap on Russian oil to $30 per barrel, down from the current $60, in a bid to tighten the financial screws on the Kremlin as its war drags into a third year.

Russia's oil export revenue is climbing back up from early 2023 lows, a CREA report said. It shows a weakening in the effectiveness of the Western price cap, the think tank warned.

The European Union ban on Russian oil and the west's $60-per-barrel price cap is costing the Kremlin over $170 million a day, according to the Centre for Research on Energy and Clean Air.