The Latest Breaking News on US imposes new sanctions over Russian oil price cap violations, Kremlin influence in the Balkans

Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine

Western sanctions that put a price cap on Russian oil exports from December 2022 aimed to cause the country significant economic pain after its invasion of Ukraine last year. The idea was to curtail the amount Russia makes from its oil while ensuring it continues to flow into the global…

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

The Russian leader has attempted to shield the worst effects of the war from his countrymen, but prices for the fuels have been reaching record levels domestically.

The United States is sanctioning more than 150 businesses and individuals as it tries to crack down on evasion and deny Russia access to technology, money and financial channels that fuel Moscow's war in Ukraine

Russia’s invasion of Ukraine imposed a sudden energy shock on Europe 18 months ago. Faced with the prospect of much less Russian gas, there were fears that Europe’s energy infrastructure would not cope with winter 2022-23, causing economies to crumble.

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

September WTI crude oil (CLU23 ) on Tuesday closed up +0.98 (+1.20%), and Sep RBOB gasoline (RBU23 ) closed up +4.07 (+1.45%). Crude oil and gasoline prices Tuesday shook off early losses and closed moderately higher on concerns about disruptions to Russian crude supplies. Ukraine President Zelensky said his country...