52 h. ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

2 w. ago China and India to face brunt of Trump tariff threat against Russian oil buyers

‘Very angry’ Trump says he will punish all buyers of Russian oil if he believes Putin is scuppering a ceasefire deal on Ukraine

Economics

2 w. ago Trump ‘very angry’ with Putin approach to Ukraine ceasefire and threatens secondary tariffs on Russian oil – Russia

US president takes aim at Russian president’s criticism of Volodymyr Zelenskyy’s credibilityThe Guardian’s defence and security editor, Dan Sabbagh, has this snippet about the ineffectiveness of Trump’s negotiating tactics in regards to trying to end the war in Ukraine. You can read the full story here.During the election campaign, Trump had said that he could end the Ukraine war within 24 hours, comments he more recently claimed were “a little bit sarcastic”. That has proved elusive and his tactics to force Russia and Ukraine into agreeing a ceasefire have so far been focused on bullying and pressurising Kyiv. Continue reading...

Politics

2 w. ago Ukraine war briefing: Trump sanctions threat on Russian oil buyers could hit China, India

Trump threatens Putin over ceasefire; Russia claims it has taken control of a Donetsk village. What we know on day 1,132China and India could be affected if Donald Trump introduces tariffs of 25-50% against countries buying Russian oil, analysts and officials have suggested. Dan Sabbagh reports that the US president told NBC he would impose such measures within a month “if a deal isn’t made, and if I think it was Russia’s fault”, as he vented frustration at Vladimir Putin’s delaying tactics and attempts to discredit Volodymyr Zelenskyy, the Ukrainian president.Some countries, including China and India, are not participating in anti-war sanctions against Russian oil. Secondary sanctions or tariffs imposed directly on them by the US could further limit Putin’s access to oil revenue to fund the war. While not joining the international sanctions against Russia, China has been wary about breaching them in case it attracts secondary penalties. Some Chinese banks, for example, have curtail...

Events

2 w. ago Trump threatens secondary tariffs on Russian oil if no deal on Ukraine

US president says he is ‘pissed off’ with Vladimir Putin for dragging feet in ceasefire talks

Economics

2 w. ago Trump says he’s ‘p*****’ off with Putin over lack of ceasefire deal and threatens more tariffs on Russian oil

Trump has shifted the blame for the protracted nature of the ceasefire negotiations on Putin

Politics