Page 2 - Us Sanctions

Govt refiners eye smaller oil suppliers after US sanctions Rosneft, Lukoil

India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray

Zelenskyy urges US to widen sanctions on Russia, seeks long-range missiles

Ukrainian President Volodymyr Zelenskyy on Friday urged the United States to expand sanctions on Russian oil from two companies to the whole sector, and appealed for long-range missiles to hit back at Russia. Zelenskyy was in London for talks with two dozen European leaders who have pledged military help to shield his country from future Russian aggression if a ceasefire stops the more than three-year war. The meeting hosted by British Prime Minister Keir Starmer aimed to step up pressure on Russian President Vladimir Putin, adding momentum to recent measures that have included a new round of sanctions from the United States and European countries on Russia's vital oil and gas export earnings. The talks also addressed ways of helping protect Ukraine's power grid from Russia's almost daily drone and missiles attacks as winter approaches, enhancing Ukrainian air defenses, and supplying Kyiv with longer-range missiles that can strike deep inside Russia. Zelenskyy has urged the U.S. to

US imposes sanctions on Colombian Prez, his family over drug trade claims

The Trump administration imposed sanctions Friday on Colombian President Gustavo Petro, his family and a member of his government over accusations of involvement in the global drug trade, sharply escalating tensions with the leftist leader of one of the closest US allies in South America. The Treasury Department levelled the penalties against Petro; his wife, Veronica del Socorro Alcocer Garcia; his son, Nicolas Fernando Petro Burgos; and Colombian Interior Minister Armando Alberto Benedetti. Petro has allowed drug cartels to flourish and refused to stop this activity, Treasury Secretary Scott Bessent said in a statement. President Trump is taking strong action to protect our nation and make clear that we will not tolerate the trafficking of drugs into our nation. The move ramps up a growing clash between the Republican US president and Colombia's first leftist leader, notably over deadly American strikes on alleged drug-carrying boats off South America. This week, the Trump ...

Russian oil may flow to India through loopholes despite new US sanctions

Trump announced fresh sanctions on two of Russia's largest oil companies in a bid to stop the Ukraine war. But this is not likely to spell the end of Russian oil flows to India, a major buyer

RIL to adjust refinery operations after US sanctions Russian oil firms

Reliance also agreed to follow EU guidelines on imports of refined oil products into Europe amid widening sanctions on Russian crude trade

White House calls new US sanctions on Russian oil 'appropriate, necessary'

Criticising the lack of "interest or action" from the Russian side to move towards peace, Leavitt said that while a potential meeting between Putin and Trump is "not completely off the table"

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

Putin says Russia will never bow to US pressure, warns on missiles

Putin told reporters that US and Western sanctions were an 'unfriendly' act and 'will have certain consequences, but they will not significantly affect our economic well-being'

US sanctions on Russian oil majors may hurt Reliance Industries, Nayara

Rosneft, Lukoil major suppliers to India; crude import bill may rise by over ₹23K cr

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

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

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 .

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

US sanctions 50 entities, including Indian firms, over Iran oil trade

The US Treasury has sanctioned over 50 individuals, companies, and vessels, including Indian firms, for facilitating Iranian oil and LPG exports to China, Pakistan, and other countries

US sanctions Serbia's main oil supplier, which is controlled by Russia

The United States has introduced sanctions against Serbia's main oil supplier, which is controlled by Russia, the company said on Thursday. Serbia almost entirely depends on Russian gas and oil supplies, which it receives mainly through pipelines in Croatia and other neighbouring states. The gas is then distributed by Petroleum Industry of Serbia (NIS), which is majority-owned by Russia's state oil monopoly Gazprom Neft. NIS said Thursday it had failed to secure another postponement of the US sanctions, which could jeopardise its efforts to secure oil and gas deliveries in a longer term. The special license from the US Department of the Treasury, which enables unhindered operational business, has not yet been extended, NIS said in a statement. It added that it has stored enough supplies to keep the operation moving for customers for a longer while. It also said problems could occur at NIS gasoline stations with payment made by foreign bank credit cards but added that that cash ...

From oil to pistachios: How barter trade is reshaping global commerce

Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions

Europe, Asia roll out the welcome mat for Indian talent amid US curbs

With the US tightening immigration, countries such as Germany, Japan, Singapore and Russia are looking to attract more Indian students and skilled workers