Russian oil sanctions

Estonia, Latvia and Lithuania urge EU to speed Russian oil ban

Estonia, Latvia and Lithuania have called on the European Union to accelerate plans to ban Russian oil imports, aiming to cut funding for Russia’s war against Ukraine and reduce Europe’s energy dependence, the Financial Times reported June 27.

27 June, 12:40 PM

Trump says U.S. could restore Russian oil sanctions after Iran deal

U.S. President Donald Trump said on June 16 that Washington could reimpose sanctions on Russian oil after an agreement with Iran is reached, The Guardian reported.

16 June, 07:19 PM

EU races to freeze Russian oil cap before Putin secures new windfall

The European Union plans to approve its 21st sanctions package against Russia by July 15 to prevent a sharp increase in the price cap on Russian oil, European Pravda reported, citing EU sources.

2 June, 06:20 PM

India boosts Venezuelan crude imports as Middle East supply squeeze deepens

Indian refineries shifted to imports from Venezuela, as well as Brazil, Angola and Nigeria, after Middle Eastern supplies were disrupted by shipping restrictions in the Strait of Hormuz amid the war involving Israel and the United States against Iran, Reuters reported on May 25.

25 May, 03:47 PM

US lets Russian oil waiver expire as market pressure threatens sanctions line

The Trump administration did not extend a license allowing the delivery and sale of Russian crude oil already loaded onto vessels, Bloomberg reported.

17 May, 03:44 PM

India doubles its imports of sanctioned Russian crude - Reuters

India’s crude oil imports fell 13% in March, compared to February, with half coming from Russia, after the U.S.-Israeli conflict with Iran halted Middle Eastern shipments via the Strait of Hormuz, Reuters wrote on April 21.

21 April, 01:31 PM

Trump extends Russian oil waiver, adds Crimea ban

The United States issued a new general license to replace an earlier waiver for the sale of Russian-origin crude oil and petroleum products loaded on tankers as of March 12, Reuters reported on March 20, citing the U.S. Treasury Department.

20 March, 02:01 PM

Zelenskyy presses Trump meeting to unlock stalled Russia sanctions talks

Talks on sanctions against Russia between Ukraine and the United States will require a face-to-face meeting because no discussion has yet taken place between the two presidents, Ukrainian President Volodymyr Zelenskyy said while speaking with journalists, Interfax-Ukraine reported on March 14.

15 March, 10:30 PM

Trump: Sanctions on Russian oil will be reinstated after Middle East crisis ends

U.S. President Donald Trump said sanctions on Russian oil will be reinstated after the Middle East crisis ends, he said in an interview with NBC News.

15 March, 06:43 PM

Ruble falls against yuan, dollar as Russia suspends currency sales

The Russian ruble accelerated its decline against major global currencies despite the easing of U.S. sanctions on Russian oil and rising prices for Russian crude grades to $70–80 per barrel, The Moscow Times reported on March 13.

14 March, 02:35 PM

Kremlin claims Moscow and Washington interests align on easing Russian oil sanctions

Moscow and Washington’s interests have “situationally aligned” on lifting U.S. sanctions on Russian oil, Kremlin spokesman Dmitry Peskov said on March 13, Russian state media reported.

13 March, 05:02 PM

Russia earns $150 million a day from oil as Middle East war drives prices higher

Russia is earning up to $150 million a day from oil sales after the start of the Middle East war, making Moscow the “biggest winner” of the conflict, the Financial Times reported on March 13.

13 March, 12:35 PM

UK and Australia unleash biggest sanctions on Russia since 2022, target oil lifeline

The United Kingdom and Australia imposed their largest sanctions packages against Russia since 2022 on the fourth anniversary of Moscow’s full-scale invasion of Ukraine, the British government said on Feb. 24, announcing the measures during Home Secretary Yvette Cooper’s visit to Kyiv.

24 February, 03:55 PM

Bankruptcies hit small Russian oil firms amid U.S. sanctions, price crash

Small oil companies in Russia’s main producing regions have begun filing for bankruptcy as U.S. sanctions have driven Urals crude prices below $40 a barrel, forcing steep discounts and eroding export revenues, The Moscow Times reported on Feb. 17.

17 February, 05:50 PM

EU unveils sweeping new Russia sanctions, proposing full ban on maritime oil transport

European Commission President Ursula von der Leyen unveiled a sweeping new proposal for the EU’s 20th sanctions package against Russia on Feb. 6. Her message was blunt: Moscow will only negotiate seriously if it faces unrelenting economic pressure.

6 February, 07:29 PM

U.S. and Ukraine coordinate sanctions targeting Russian oil giants

U.S. Secretary of the Treasury Scott Bessent discussed sanctions against major Russian oil companies — Lukoil and Rosneft — with Ukraine’s Prime Minister Yuliia Svyrydenko, he wrote on X on Dec. 9.

10 December 2025, 08:16 AM

U.S. sanctions Russian oil companies, calls for ceasefire

For the first time since U.S. President Donald Trump took office on Jan. 20, the United States brought new sanctions against Moscow, targeting Russia’s oil industry on Oct. 22.

23 October 2025, 02:11 AM

Trump says Putin made progress, but new U.S. sanctions still set for Aug. 8 deadline

U.S. President Donald Trump’s schedule remains unchanged and the secondary sanctions he had warned about will be imposed on Aug. 8, The New York Times reported on Aug. 6, citing a White House official who spoke on condition of anonymity.

7 August 2025, 02:25 PM

U.S. trade war: Oil prices steady as Trump tariffs loom

Oil prices held steady as investors weighed the risk of supply shortages following U.S. President Donald Trump’s push for a swift resolution to the war in Ukraine through new tariffs — even as an unexpected rise in U.S. crude inventories capped gains, Reuters reported on July 31.

31 July 2025, 12:52 PM

EU to propose floating price cap on Russian oil

The European Commission is expected to propose a floating price cap on Russian oil this week as part of its new sanctions package, Reuters reported on July 10.

11 July 2025, 10:15 AM

Russian oil sanctions

1
2