Russian Oil

The EU approved its 21st sanctions package against Russia, allowing member states to confiscate and sell crude oil from Russia’s shadow fleet. The package freezes the Russian oil price cap at $44 per barrel and expands sanctions to 218 new entities, including measures against crypto-asset services used for sanctions evasion.

The EU is in a standoff over sanctions targeting Russian oil versus liquefied natural gas (LNG). Additional tensions arise from uncertainties regarding a US-EU trade deal.

Trump approved a 500% tariff bill on Russian oil and withdrew from the India-led ISA. U.S. Ambassador-designate Sergio Gor, who takes charge on January 12, 2026, stated ending India’s Russian oil imports is a top priority.

The Trump administration is supporting tariffs on Russian oil to end the Ukraine war. A bipartisan bill would impose heavy financial penalties on purchasers of Russian oil.

The Trump administration is supporting tariffs on Russian oil to address the Ukraine war, according to sources. A bipartisan bill aims to impose significant penalties on entities purchasing Russian oil.

A tiny island near Singapore has become Asia's hub for Russian oil. The development highlights the region's growing role in oil trade and logistics.

The Kremlin criticized Trump's remarks that Ukrainian strikes on Russian oil were necessary to end the war, labeling them 'misconceptions' and warning Russia would respond by attempting to seize more Ukrainian territory.

Jeremy Levin, a senior US State Department official, stated in Gdansk that Ukraine is now winning the war by turning the situation around and seizing battlefield initiative. He noted Ukrainian forces are shifting to an offensive posture while Russian troops await winter, and highlighted strikes on Russian infrastructure. Washington may also tighten sanctions on Russian oil with EU partners.

The U.S. Treasury did not extend a sanctions waiver for Russian seaborne oil, which expired at midnight. President Donald Trump and administration officials did not clarify if the sanctions would be re-imposed.

Trump stated the US may reimpose sanctions on Russian oil as G7 leaders aim to pressure Moscow. Previous waivers allowed Russian exports, drawing criticism from allies and Ukraine.

India's total crude oil imports increased by 8% in May, driven by a 21% rise in Russian oil imports. Refiners in India boosted their purchases, contributing to the growth in Russian oil imports.

The United States has extended its waiver on sanctioned Russian oil until June 17, allowing continued imports. This move is significant in the context of global energy markets and international relations. The extension provides a temporary reprieve from stricter sanctions.

The U.S. has extended a temporary general license for Russian oil for a second time, allowing it to remain in effect until June 17 after it had lapsed over the weekend. This waiver permits continued trade in Russian oil despite broader sanctions policies.

A group of Senate Democrats are demanding that the Trump administration re-impose sanctions on Russian oil to offset rising energy costs amid the Iran war. Fourteen Democratic senators urged Treasury Secretary Scott Bessent to end this short-term relief, citing concerns about how the temporary measure could impact the situation. The move is aimed at addressing rising energy costs

Ukraine is targeting the Druzhba pipeline to disrupt Russian oil supplies to the EU, aiming to stop Hungary and Slovakia from continuing purchases. The move exploits perceived weaknesses in EU unity under Brussels.

Ukraine's drone commander, Robert Brovdi, revealed in a rare interview that his unit is responsible for destroying a third of all targets on the battlefield, focusing on Russian oil infrastructure, troop movements, and morale.

Russian oil deliveries to Slovakia through the Druzhba pipeline, which crosses Ukraine, have resumed after a three-month halt. The resumption follows a dispute between Hungary, Slovakia, and Ukraine over a damaged pipeline, with Hungary blocking an EU loan to Ukraine and Slovakia withholding sanctions against Russia until supplies resumed.

Russian oil shipments to Slovakia have resumed via the Druzhba pipeline, which transits through Ukraine. Slovak Economy Minister Denisa Saková confirmed the resumption of the oil flow.

The EU has agreed to unblock a €90bn loan for Ukraine after Hungary lifted its veto, following Ukraine's resumption of Russian oil shipments to Hungary and Slovakia. Cyprus, holding the EU's rotating presidency, confirmed written procedures for final approval of the loan and new sanctions against Russia by Thursday.

The U.S. government extended sanction exemptions on Russian oil for a month in a sudden policy reversal, potentially easing gas prices, while Democrats criticized the move as 'shameful.'

The Trump administration reversed its position and extended a waiver allowing purchases of Russian oil until May 16, despite a recent statement from a top Cabinet official denying such action. The decision was made amid the Iran war, with the Treasury Department issuing the license.

India is increasing oil imports from Russia as international sanctions against Russia start to ease. The article references an oil refinery in Mumbai, highlighting India's energy procurement strategies amid shifting geopolitical dynamics.