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Russia Oil Imports Latest News

  • The Kremlin blamed the West for triggering the worst European gas supply crisis ever and warned the Group of Seven advanced economies that Moscow would retaliate over its plan to impose a price cap on Russian oil.
    Russia blames Europe for gas crisis, warns West of oil retaliation
  • European Union countries bracing for further cuts in Russian gas supplies approved a weakened emergency plan to curb demand, after striking compromise deals to limit consumption reductions for some countries.
    Poland Wants Right To Block EU Plan To Reduce Gas Demand, PM Says
  • Some European Union foreign ministers are pushing for an oil embargo as part of a possible fifth round of sanctions against Russi, in an effort to punish Moscow over events in Ukraine.
    Kremlin Says Russian Oil Embargo Would Hurt Europe, Not U.S
  • The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.
    EU Split On Russia Oil Sanctions, Mulls Other Steps
  • The situation adds to market worries about the ripple effect of heavy sanctions on Russia, the world's second-largest crude exporter, after its invasion of Ukraine.
    Oil Jumps 5 Per Cent As Caspian Pipeline Disruption Adds To Supply Fears
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