Russian energy
EU Expands Sanctions Against Key Figures in Russia's Oil Trading Network
Dec 16, 2025 05:57 am CST
The European Union has intensified efforts to curb Russia's oil revenue by imposing fresh sanctions on nine individuals and entities supporting Russia's shadow fleet of oil tankers. Key targets include traders Murtaza Lakhani and Etibar Eyyub, who have been instrumental in helping Moscow circumvent Western sanctions on crude exports that finance Russia's war in Ukraine. Despite 19 previous sanction packages, Russia continues oil exports to India and China through a shadow fleet operating outside Western maritime regulations.
EU Finalizes Historic Deal to Ban All Russian Gas Imports by 2027: A Major Step Toward Energy Independence
Dec 03, 2025 11:39 pm CST
The European Union has reached a landmark agreement to completely ban Russian gas imports by autumn 2027, marking a decisive move toward energy independence. The comprehensive plan includes phasing out long-term pipeline contracts by September 2027 and LNG contracts by January 2027, with short-term contracts ending even earlier. This strategic decision aims to cut off a significant revenue source for Russia while strengthening Europe's energy security in response to Moscow's weaponization of gas supplies following the invasion of Ukraine.
US Treasury Secretary Seeks Global Alliance Against China's Rare Earth Export Controls
Oct 16, 2025 03:11 am CST
US Treasury Secretary Scott Bessent calls for coordinated international response to China's rare earth export restrictions, emphasizing this is a global issue rather than a bilateral dispute. While maintaining that diplomatic channels remain open, Bessent criticized China's support of Russia through energy purchases and confirmed President Trump's upcoming meeting with President Xi despite recent threats of increased tariffs.
"Caution Against Double Standards": India On NATO's Russia Trade Warning
Jul 17, 2025 10:03 pm CST
The Ministry of External Affairs on Thursday responded to North Atlantic Treaty Organisation (NATO) chief Mark Rutte's remarks on possible sanctions over India's trade with Russia, cautioning against "double standards".