Russia sanctions Archives

Exclusive-Rosneft oil refinery in Germany warns of risks from US sanctions

February 10, 2026

(Investing) – BERLIN/LONDON – Management at a Russian-owned oil refinery in Germany have privately warned Berlin that U.S. sanctions are hurting its business and threatening fuel supply for the country’s capital and the region, according to correspondence seen by Reuters. In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft, made an “urgent appeal” to economy and energy minister

Exclusive-Chevron joins race to explore potential purchase of Lukoil assets, sources say

November 17, 2025

(Investing) – LONDON -U.S. oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process told Reuters on Monday. The U.S. Treasury gave clearance last week to potential buyers to talk to Lukoil about foreign assets. Chevron would join Carlyle and other firms in the race for the Lukoil portfolio worth at least $20

Oil gains after OPEC+ opts for modest output hike

September 8, 2025

(Investing) – HOUSTON – Oil prices rose on Monday, recovering some of last week’s losses, after producer group OPEC+ opted for a modest output hike and investors priced in the possibility of more sanctions on Russian crude. OPEC+ flagged plans to further increase production from October but the amount was less than some analysts had anticipated. Reuters had reported earlier this

U.S.-China talks could shift to sanctioned oil, says Treasury Secretary

July 22, 2025

(World Oil)– U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of Russian and Iranian oil, a signal that the focus could shift from more traditional trade issues to ones that cross over into matters of national security. “Trade is in a good place,” Bessent said on CNBC, referring

Oil prices dip as traders weigh Trump’s Russia sanctions delay, Chinese GDP

July 15, 2025

(Investing) – Oil prices slipped lower Tuesday, continuing the previous session’s selloff after U.S. President Donald Trump provided Russia with additional room to end the Ukraine war before taking action. At 07:45 ET (11:45 GMT), Brent oil futures expiring in September ticked down 0.1% to $69.10 per barrel, while West Texas Intermediate (WTI) crude futures fell 0.2% to $66.88 per barrel. After an initial rally,

EU envoys expect to resolve block of new Russia sanctions this week

June 24, 2025

(Investing) – BRUSSELS -European Union diplomats said they expect to reach a deal during an EU summit this week on an 18th package of sanctions against Russia, which Slovakia and Hungary are using as a bargaining chip for concessions on Russian energy. The European Commission has proposed the package in an effort to push Russia to negotiate a ceasefire with Ukraine

Russia braces for oil output cuts as sanctions and drones hit

February 12, 2025

(Investing)– Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries. The United States imposed sanctions last month that targeted 180 Russian tankers while Kyiv has stepped up drone attacks to improve its bargaining position amid expectations

Biden hits Russian oil in toughest sanctions yet in bid to give Ukraine, Trump leverage

January 10, 2025

(US News) – WASHINGTON – The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine. The move is meant to cut Russia’s oil revenues for the war that started in

Premium Content