India has received 34 million barrels of discounted Russian oil since February, more than 10 times the value of the total imports from the country year-on-year, Reuters reported on Monday, citing Refinitiv Eikon data. According to the report, more than 24 million barrels of Russian crude were supplied this month, …
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Finding an immediate EU consensus on banning Russian oil is unrealistic, according to Estonian Prime Minister Kaja Kallas. The leaders of the bloc gathered for summit in Brussels on Monday to resolve the issue. “I don’t think we’ll reach an agreement today,” Kallas said, adding it was more likely an …
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A powerful explosion was reported on Monday morning in Melitopol, a Russian-controlled city in Ukraine’s Zaporozhye Region. It is believed to have been caused by a car bomb. The local administration blamed the incident on Ukrainian “saboteurs,” who they claimed had targeted aid workers in what they consider to have …
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The ruble’s rapid gains may pose a risk to the country’s economy in the future, Economy Minister Maxim Reshetnikov told reporters earlier this week. “The current exchange rate is a problem in the long run, because the real effective exchange rate is 40% stronger than in the last five years,” …
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An embargo on Russian gas could lead to a serious shortage of fuel crucial for Italy’s industrial and service sectors, according to a study published on Saturday by the association of Italian industrialists Confindustria. “A possible blocking of natural gas imports from Russia, Italy’s main supplier in recent years, could …
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The European Commission has suggested starting an embargo on Russian oil by giving up on seaborne deliveries, while delaying a ban on pipeline supplies, Bloomberg reported on Saturday, citing “people familiar with the matter.” The revised proposal was sent to the governments of member states on Saturday and could be …
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Europe cannot place an immediate embargo on Russian oil, European Commission President Ursula Von der Leyen has said, as it would allow Moscow to sell its fuel elsewhere and possibly earn more money to fund its military offensive in Ukraine. “If we would completely, immediately, as of today cut off …
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President of the Russian Football Union (RFU) Alexander Dyukov has stated that his organization “categorically” disagrees with FIFA and UEFA’s joint decision to remove Russian teams and clubs from international competitions. The move was made as a response to Russia’s military operation in Ukraine and on an International Olympic Committee (IOC) …
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Kiev has started proceedings to seize the assets of Russian oil giant Rosneft, the Security Service of Ukraine (SBU) said on its Telegram channel on Saturday. “The SBU initiated the seizure of Rosneft’s assets in Ukraine… According to the materials of the SBU, the activities of the energy company, which …
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An embargo on Russian natural gas would seriously affect the German economy, as well as society, Labor Minister Hubertus Heil said in an interview with news outlet Funke, published on Saturday. “We should gradually become independent from gas imports, but the immediate imposition of an embargo would both complicate the …
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