Last Friday, the governments of the European Union reached an agreement to set limits on the price of Russian diesel, according to the Swedish Presidency of the Council of the European Union on Twitter. The ceiling does not affect purchases from the EU bloc, which as of this Sunday is banning all imports of oil derivatives from...
Russian oil exports to some European countries, via Ukraine, were interrupted on August 4 following the refusal of a bank transaction, as part of the sanctions imposed against Moscow, according to Reuters. With this suspension, Hungary, Slovakia and the Czech Republic will no longer receive Russian oil, which used to arrive through...
The Minister of Mineral Resources and Energy today admitted the possibility of the African country buying Russian oil in rubles, if that option is feasible, after Moscow presented Maputo's availability for that mechanism. "I am sure that we will study and verify the feasibility of that offer [from Russia], if there is feasibility, for sure....
The European Union (EU) will have to invest between 1.5 and two billion euros to ensure security of oil supply following an embargo on Russia, the European Commission estimates, advocating alternative supply routes. "Dependence on Russian fossil fuels also extends to crude oil and petroleum products. While in most...
European Union (EU) member states failed to reach an agreement this Sunday to ban oil imports from Russia, due to the war in Ukraine, in view of the energy dependence of some countries. Ambassadors from EU countries met on Sunday for about an hour and a half but failed to reach an agreement,...
Tighter sanctions by the European Union on Russian oil imports could lead to a further significant rise in the price of the commodity, taking the "black gold" to new highs. According to JPMorgan's forecasts, a total and immediate ban on oil imports from Russia could result in the reduction of...
European Union (EU) is drawing a plan of measures to punish Russia after the invasion of Ukraine to ban the purchase of Russian oil. According to "The New York Times", quoted by the newspaper Económico, the EU has resisted taking such a measure in view of the enormous costs it would bring to Germany and...