Elizabeth Rosenberg, assistant secretary for Terrorist Financing and Financial Crimes, will be in India on what is seen as a US bid to try to temper India's purchases of Russian oil
Sovcomflot's oil tankers lacking destination details numbered 24 out a total of 76 vessels, with some switching destinations to friendly ports of call after loitering at sea for nearly a month
The Ukraine crisis has highlighted Japan's partial dependence on Russian energy even as Tokyo has acted swiftly and in tandem with the G7 in instituting sanctions.
The secretive deals put the spotlight on how importers keep off established routes to buy Russian oil at cheap rates
The US state department says it is aware of talks between Russia and India concerning the purchase of oil. It has no objection to India buying Russian oil, provided it buys at discount
Arrivals of Saudi crude totalled 14.61 million tonnes in January-February, equivalent to 1.81 million barrels per day (bpd), down from 1.86 million bpd a year earlier, data showed
Many banks stopped issuing letters of credit for Russian exporters in wake of sanctions, forcing companies to simply do without them.
US President said the move would deal a blow to Putin’s ‘war machine’ but warned of inevitable gasoline price rises