Russian sanctions

Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more for energy than Europe, according to traders, analysts and Refinitiv Eikon…

Officials of the Reserve Bank of India (RBI) and the Bank of Russia are set to meet this week to give the finishing touches to a bilateral payment system to ensure smooth trade flows between the two nations without violating global…

Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route. Gas prices surged, with the key…

Reliance Industries Ltd , operator of the world's biggest oil refining complex, has ordered at least 15 million barrels of Russian oil since Russia invaded Ukraine in…

The United States, the European Union and several other countries and entities have expanded their economic sanctions against Russia as punishment for its invasion of Ukraine. The first actions in the most recent crisis were taken after…

"The sanctions that have been taken so far including Western Europe so far have largely left energy – oil and gas – largely outside the sanction except for Germany’s decision to suspend the Nord Stream 2 project approval. There is still…