Tag Archives: russian

Russian oil major Rosneft plans to file a lawsuit against the US Treasury Department, the company’s spokesman Mikhail Leontyev told the newspaper Vedomosti this week. Rosneft’s decision followed accusations by the Treasury that the Russian company took part in oil smuggling and money laundering for Iran’s Revolutionary Guards’ Quds Force, …

Asian countries became the largest importers of Russian oil for the first time in April 2022, overtaking Europe, Bloomberg reported on Friday, citing Singapore-based analytics firm Kpler. Roughly 71.7 million barrels of Russian crude were delivered to Asia last month, more than twice as much as Russia shipped to the …

The confrontation between Western nations and Russia amounts to “total war,” Russian Foreign Minister Sergey Lavrov said on Friday during a meeting with the heads of Russian regions. Russian society and major political forces support the government’s decision to face this challenge, he added. Western nations “are doubling, tripling, and …

The West is already feeling the “sweet consequences” of its sanctions against Russia, but these measures will remain in place “for a very, very long time,” former Russian president Dmitry Medvedev said on Thursday. Since the beginning of the Russian military offensive in Ukraine in late February, the US, the …

The suspension of Russian gas supplies would be “a serious blow” to the welfare of the Austrian people as it threatens some 300,000 jobs, Kronen Zeitung newspaper reported citing the Federation of Austrian Industries. According to the president of the federation, Georg Knill, almost the entire food industry depends on …

Russia’s expanding presence on the African continent might pose a “worrying” threat to the southern flank of NATO, Spain’s Defense Minister Margarita Robles and British Defense Secretary Ben Wallace stated at a joint press conference in Madrid on Wednesday. African nations such as Libya and Mali see increased activities of …

The European Union has frozen roughly €23 billion ($24.5 billion) worth of assets of the Russian Central Bank, Reuters reported, citing EU Justice Commissioner Didier Reynders, who revealed the figure at a news conference on Wednesday. The amount is much smaller than expected out of the reported $300 billion frozen …

The latest US decision to not extend the general license waiver that allows Russia to make sovereign debt payments is an attempt to force the sanctions-hit nation into an “artificial default,” according to Kyle Shostak, the director & CEO at Navigator Principal Investors. The move will “effectively turn Russia’s liabilities …

Hungarian Prime Minister Viktor Orban has ruled out further discussion on a proposed EU-wide embargo on Russian oil, the Financial Times reported on Tuesday. Although other EU leaders insist a ban is close to being finalized, Orban has said that such a deal can’t be done without an “urgent investment” …

Nearly 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are currently in tankers at sea, according to data from energy analytics firm Vortexa, as cited by Reuters. However, traders are reportedly struggling to find buyers for some of the cargo as EU countries fail to agree …