Page 8 - Russia

EU sanctions 45 entities, including 3 India-based firms, over Russia links

Three India-based companies were among 45 entities sanctioned by the European Union on Thursday for their alleged links with Russian military. The EU slapped the punitive actions against the firms as part of its 19th package of sanctions which are part of efforts to put economic pressure on Russia for its invasion of Ukraine. There was no immediate reaction from Indian officials to the EU action. An EU readout said the European Council has identified 45 new entities "directly supporting" Russia's military and industrial complex by "enabling the circumvention of export restrictions on computer numerical control (CNC) machine tools, microelectronics, unmanned aerial vehicles (UAVs) and other advanced technology items". "These entities will be subject to tighter export restrictions with regard to dual-use goods, as well as items which might generally contribute to the technological enhancement of Russia's defence sector," it said. "Seventeen of these entities are located in third ...

Trump's turnaround sanctions target Russian oil firms that fund Ukraine war

The US and the European Union are hitting Russia with another round of sanctions, aiming to cut into oil and gas export earnings that fund Moscow's war against Ukraine. More than 3 1/2 years into the war, the effort remains a cat-and-mouse game, with Russia finding new ways to get around sanctions, and Washington and Brussels adding new ones and looking for ways to plug enforcement gaps. The chief target of the latest round: Russia's biggest oil companies, Rosneft and Lukoil. New US Treasury sanctions threaten their customers in India and China with retaliation that could include being sanctioned themselves. Meanwhile, the EU is phasing out by the end of next year those shipments of Russian liquefied natural gas that come by ship, and is going after cryptocurrency issuers, platforms and exchanges that Russia has used to skirt restrictions on its financial dealings with the outside world. US Treasury Secretary Scott Bessent said the move aimed to push Russian President Vladimir Puti

Oil jumps 5% as US sanctions target Russia's Rosneft and Lukoil

The sanctions could reduce global oil supplies since Russia was the world's second-biggest crude producer in 2024 after the US, according to US energy data

Russia seeks ways to bypass US oil sanctions to protect state budget

Russia has a month to prepare before the restrictions take full effect and it'll use that time to adapt to the new situation, said Russian official

News highlights: Train services hit after IED blast damages track in Assam's Kokrajhar

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EU imposes new sanctions on Russian energy, joins US in pressure campaign

The EU will also tighten a transaction ban on two major Russian oil companies and sanction 117 additional so-called shadow fleet vessels

US sanctions on Russian oil to hit Reliance; PSUs may keep buying

US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said. Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years. It also buys oil from intermediaries. The company did not immediately respond to

Belgium urges EU partners to share risk of using frozen Russian assets

Belgian Prime Minister Bart De Wever insisted on Thursday that his European partners must share the risk of using billions of dollars in frozen Russian assets that are held in his country to help keep Ukraine's economy and war effort afloat in the coming years. Ukraine's budget and military needs for 2026 and 2027 are estimated to total around USD 153 billion, and the European Union's executive branch has been developing a plan to use Russia's frozen assets as collateral to drum up funds. The biggest tranche of those assets some USD 225 billion worth is held in Belgium, and the Belgian government is wary of using the money without firm guarantees from other EU countries. If we want to give them to Ukraine, we have to do it all together, De Wever told reporters as he arrived for a summit with his EU counterparts in Brussels. If not, Russian retaliation might only hit Belgium. That's not very reasonable. We are a small country, and retaliation can be very hard. They might confiscat

India's Russian oil imports may dry up as US sanctions hit Rosneft, Lukoil

Latest sanctions will mean that orders due to be placed over the coming week - for crude that will load in November and deliver in December - will now be overwhelmingly from other destinations

Trump denies report of US approval for Ukraine's strikes inside Russia

The Wall Street Journal reported that the Trump administration had removed a key restriction on Ukraine's use of certain long-range missiles supplied by Western allies

US imposes new sanctions on Russia's top oil firms Rosneft and Lukoil

Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its senseless war as U.S.-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. Now is the time to stop the killing and for an immediate ceasefire, Bessent said in a statement. Given Russian President Vladimir Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Bessent said the Treasury Department was prepared to take further action if necessary to support Trump's effort to end the war. We encourage our allies to join us in and adhere to these sanctions. Bessent made the comments as NATO Secretary General Mark .

'A good compromise': Zelenskyy backs Trump's proposal to freeze war lines

Ukrainian President Volodymyr Zelenskyy supports Trump's idea to freeze current war lines, but doubts Russian President Vladimir Putin will agree

LIVE news updates: Belgian court rejects Mehul Choksi's plea against extradition

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At least 6 dead in massive Russian drone, missile attack on Ukraine

Russia launched a massive drone and missile attack on Ukraine's capital on Wednesday, killing at least two people, Ukrainian officials said. Emergency services rescued 10 people after a fire caused by drone debris hit the sixth floor of a 16-story residential building in the Dnipro district of the capital. Kyiv, where two people were found dead, local authorities reported. The attack also blew out windows of a medical facility and debris was found at another residential building, Kyiv mayor Vitali Klitschko reported on his Telegram channel. In the Darnytskyi district of the capital emergency services were responding after drone debris hit a 17-story residential building causing a fire on five floors. Fifteen people had to be rescued including two children. In the Desnianskyi district, 20 people were rescued after the faade of a 10-story building was damaged and a gas pipe caught fire. Debris from a drone also fell on a dormitory building and rescue workers were headed to the scene

Trump puts meeting with Putin on hold, says it would be 'waste of time'

President Donald Trump said on Tuesday his plan for a swift meeting with Russian leader Vladimir Putin was on hold because he did not want it to be a waste of time. It was the latest twist in Trump's stop-and-go effort to resolve the war in Ukraine. The decision to hold off on the meeting in Budapest, Hungary, which Trump had announced last week, was made following a call on Monday between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov. I don't want to have a wasted meeting, Trump said. I don't want to have a waste of time -- so we'll see what happens. Lavrov made clear in public comments on Tuesday that Russia is opposed to an immediate ceasefire. Trump, meanwhile, has been shifting his stance all year on key issues in the war, including whether a ceasefire should come before longer-term peace talks, and whether Ukraine could win back land seized by Russia during almost four years of fighting. Trump's hesitancy in meeting Putin will likely come as a reli

Russia says its terms for Ukraine peace unchanged since August summit

Lavrov said that the place and the timing of the next Trump-Putin summit was less important than the substance of implementing the understandings reached in Anchorage, Alaska

Trump vows to keep massive tariffs on India until Russian oil imports cease

"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

'Putin said he'll destroy you': Trump asks Zelenskyy to accept war terms

In a tense White House meeting, Donald Trump reportedly asked Ukrainian President Volodymyr Zelenskyy to accept Russia's terms to end the war, warning of severe consequences if he refused

Dark ship appears to transfer US sanctioned Russian LNG off Malaysia

The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel approximately 90 kilometers (55 miles) east of the Malaysian peninsula