May 19, 2026

Sanctions

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More sanctions for Russia! After US, EU announces penalties for Russian oil; efforts to push Putin into peace talks

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After United States, the European Union has also imposed sanctions on Russia, targeting the country’s oil industry in efforts to intensify international efforts to block the funds that Moscow depends on to sustain its invasion of Ukraine.Earlier on Wednesday, US President Donald Trump had announced sanctions on Russian oil firms.Ukrainian President Volodymyr Zelenskyy welcomed the…

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‘Strong immunity to Western restrictions’: Russia hits out as Trump sanctions its oil firms; ‘step entirely counterproductive’

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Russia said that recent US sanctions targeting its oil sector could potentially undermine diplomatic initiatives. (AI image) Russia has slammed Donald Trump administration’s sanctions on its oil firms saying that the move undermines efforts for peace, adding that it is immune to any such restrictions.Russia said that recent US sanctions targeting its oil sector could…

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Sanctions on Russian oil: Top buyer Reliance planning to ‘recalibrate’ its crude sourcing, says report

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As global sanctions, including the latest ones from the Trump administration against Moscow intensify, many Indian refiners are evaluating their Russian oil trade documents.Reliance Industries Ltd, top Indian buyer of Russian crude, is also in the process of “recalibrating” imports from Russia to remain consistent with government guidance.“Recalibration of Russian oil imports is ongoing and…

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No oil from Russia soon? Trump sanctions to hit India’s crude imports; ‘all but impossible for flows to continue’

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Indian refiners anticipate a significant decline in Russian oil imports, potentially even reaching zero. (AI image) The Donald Trump administration’s latest move to sanction major Russian oil firms Rosneft PJSC and Lukoil PJSC will likely make it almost impossible for India to continue procuring crude from Russia. Analytics firm Kpler reports that Russian oil made…

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Trump sanctions on Russia oil firms: What does US move mean for Indian refiners? Contracts being reviewed

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India is the world’s third-largest oil-importing and consuming nation and it depends heavily on overseas supplies. (AI image) With the Donald Trump administration slapping sanctions on two major Russian oil firms – Rosneft and Lukoil – refiners in India are reviewing their oil contracts. State-owned refiners are reportedly examining their documents for Russian oil procurement…

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Global oil prices: Trump’s sanctions on Russian firms trigger sharp rise; Brent crude futures soar nearly 5%

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Oil prices rose sharply on Wednesday, triggered by America’s fresh sanctions on Russian oil companies.Brent crude futures jumped $3.03, or 4.94%, to $64.35 a barrel, while US West Texas Intermediate (WTI) crude added $1.42, or 2.43%, to $59.92 after the settlement at 6 PM EDT (2200 GMT). Earlier, Brent had settled $1.27 higher at $62.59…

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‘Putin wasn’t ‘honest’: US imposes sanctions on Russian oil firms; Scott Bessent reveals why Donald Trump was ‘disappointed’

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Vladimir Putin and Donald Trump (R) The United States announced to impose one of its largest-ever sanctions packages against Russia after Treasury Secretary Scott Bessent accused Vladimir Putin of failing to engage “honestly” in talks with President Donald Trump.“President Putin has not come to the table in an honest and forthright manner, as we’d hoped,”…

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‘Immediately agree to ceasefire’: US sanctions major Russian oil firms; move amid Putin’s ‘refusal to end senseless war’

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The United States on Wednesday announced sanctions on two biggest Russian oil companies in a bid to pressurize Moscow to “immediately agree to ceasefire“.“Now is the time to stop the killing and for an immediate ceasefire. Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund…

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‘No double standards’: India rejects UK’s latest sanctions on energy trade; claims ‘we don’t accept unilateral curbs’ | India News

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NEW DELHI: India on Thursday firmly rejected the United Kingdom’s latest sanctions targeting Russia’s oil sector and Indian firms, reiterating that it does not recognise unilateral sanctions, warning against “double standards” in energy trade.“We have noted the latest sanctions announced by the UK… We do not subscribe to any unilateral sanctions. The Government of India…

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UK targets Russia’s oil chest: 90 new sanctions hit Rosneft, India’s Nayara Energy & more; move aims to choke Kremlin’s war funding

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The United Kingdom on Wednesday announced 90 new sanctions targeting Russia’s oil sector and Indian petroleum firm Nayara Energy Limited, in a fresh bid to cut off Moscow’s wartime revenue streams.The UK’s foreign, commonwealth and development office (FCDO) said the coordinated action, taken jointly with the Treasury, was designed to “strike at the heart” of…

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