2 w. ago AP Exclusive: Russia, Vietnam using energy profits to avoid possible US sanctions for arms deals

BANGKOK (AP) — Russia and Vietnam have developed a back-door method of concealing arms deal payments to avoid American and other Western sanctions, using the profits from joint oil and gas ventures to pay off defense contracts without any open transfers of cash through the global banking system, according to internal Vietnamese documents obtained by […]

Events

2 w. ago Oil Holds Gains With Focus on Further Russian Sanctions, Glut

Oil steadied after two days of gains as investors weigh the potential of further western sanctions on Russian supplies against a looming glut.

Events

3 w. ago Sanctioned Oil Tanker Nears Adani Port Laden With Russian Crude

A sanctioned tanker carrying Russian oil has neared an Indian port operated by Adani Group, and will likely be one of the last blacklisted vessels to unload at the conglomerate’s facilities after a ban took effect.

Events

3 w. ago Trump Backs New Sanctions When NATO Stops Buying Russian Oil

US President Donald Trump said he’s prepared to move ahead with “major” sanctions on Russian oil if NATO countries do the same.

Events

3 w. ago Trump Says Losing Patience With Putin, Eying Bank, Oil Sanctions

US President Donald Trump said that his patience with Russian President Vladimir Putin was “running out fast” and threatened Moscow with new economic sanctions as efforts to broker ceasefire talks with Ukraine have faltered.

Politics

3 w. ago France and Germany Lead EU Push to Sanction Russian Oil Majors

France and Germany are urging the European Union to target major Russian oil companies as part of the bloc’s next package of sanctions, according to proposals seen by Bloomberg.

Politics

3 w. ago U.S., European officials meet to discuss new sanctions on Russia

WASHINGTON — U.S. and European officials met at the U.S. Treasury Department on Monday evening to discuss various forms of economic pressure to exert on Russia, including new sanctions and tariffs on Russian oil purchases, a person familiar with the meeting told The Associated Press. The person, who spoke on the condition of anonymity to […]

Economics

4 w. ago EU Weighs New Sanctions on Russia to Hit Banks and Oil Trade

The European Union is exploring new sanctions on about half a dozen Russian banks and energy companies as part of its latest round of measures to pressure President Vladimir Putin to end the war against Ukraine.

Economics