Russian oil ban

The cap is supposed to take effect Monday, the same day the European Union will impose a boycott on most Russian oil — its crude that is shipped by sea. The EU was moving closer to a $60-per-barrel threshold, but negotiations…

<!-- -->Approved by European Commission head, the move comes as the 27-nation bloc. (File)Prague: The Czech prime minister said Friday the EU presidency held by his country would convene urgent talks to deal with the current energy…

<!-- -->China has been Russia's biggest market for crude oil since 2016. (Representational)Beijing: Beijing's imports of oil from Moscow in May have risen 55 per cent year on year, making it the biggest Russian oil importer amid…

<!-- -->After Putin sent troops into Ukraine, Russia was hit with sanctions that targeted its economy.Moscow: Russia said Wednesday it was moving to limit the damage from an EU oil ban as its other key energy export, gas, has fallen…

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial…

European Union leaders will fail to agree on a Russian oil ban at a summit on Monday and Tuesday in Brussels, leaders said as they arrived, adding that weeks of haggling over the matter were not over even if they were hopeful for a…