The cap on Russian oil imposed by the West is hurting Moscow's export revenue, Finance Minister Anton Siluanov said. The Kremlin's budget deficit also could grow beyond a planned 2% in 2023, he added.

After discovering an unusual hat on top of a cupboard in the house he has lived in his whole life, a man sought advice from others to work out what the many badges attached to it might mean ...

Researchers said on Wednesday that the Kremlin is still earning substantial cash to fund its war in Ukraine because the $60-per-barrel price cap was ‘too lenient’ ...

The price of Russian Urals crude, exported from ports in the Black Sea and Baltic Sea, is now at or above the $60-per-barrel price cap set by the Group of Seven nations and the European Union.

The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow.

(Bloomberg) -- Russia’s flagship crude oil has dropped back below a price cap of $60 a barrel for the first time since December, one of several indicators that fresh US sanctions on Moscow may be ...

The price ceiling on Russian oil approved by the EU will be reviewed every three months. It can either increase or decrease depending on world oil prices. According to RBC-Ukraine, this follows ...

The price cap mechanism set by the G7 and the EU says that Russian crude shipments to third countries can use Western insurance and financing if cargoes are sold at or below the $60-a-barrel ceiling.

The 27-nation bloc is banning Russian refined oil products like diesel fuel and joining the U.S. and other allies in imposing a price cap on sales to non-Western countries.

A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now By: David Mchugh, The Associated Press Posted: 1:29 AM CDT Monday, Oct. 23, 2023 Last Modified ...

Approved by the G7 wealthy nations, the European Commission and Australia, the products ban follows a similar measure they implemented on Dec. 5 barring the sale, insurance and transport of Russian ...

The 27-nation bloc is banning Russian refined oil products like diesel fuel and joining the U.S. and other allies in imposing a price cap on sales to non-Western countries.