The European Commission is expected to vote on a "comprehensive" strategy to cut off Russian oil and gas imports three years ...

The European Commission will announce a more detailed strategy to phase out Russian oil and gas imports next month, it said ...

Russia, the world's second biggest oil exporter and the second largest natural gas producer, sees stable crude production and ...

Oil and gas revenues account for nearly 40% of Russia's federal budget, making the country highly vulnerable to the shifting ...

In 2022, the G7 nations, Australia and the European Union implemented a price cap of $60 a barrel on Russian crude oil to limit how much Moscow can make from its crude oil exports. The EU is a ...

Already heavily affected by Western sanctions since February 2022, Russia is now also grappling with the indirect fallout of ...

The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than ...

Russia’s oil earnings sank to their lowest since mid-2023, with exports sliding for a third week and prices plunging amid a US-China trade war. Crude flows from all Russian ports in the four weeks to ...

G7 nations and the UK are considering lowering the price cap on Russian oil exports, which has become ineffective due to ...

"Russia has been excluded from the tariff because it sells almost no goods which could be made in the United States," ...

Russia's Central Bank Governor Elvira Nabiullina has warned that the recent sharp decline in oil prices, exacerbated by ...

Vladimir Motin, the Russian captain of the MV Solong cargo ship, has appeared at court over the death of a sailor in the ...