The new firm will take over rights and obligations of Sakhalin Energy Investment Co, in which the two Japanese companies and Shell hold just under a 50% stake
China's Embassy in Washington said it has not provided assistance to either party in the war, and it opposed the addition of five Chinese firms to the US trade blacklist
Britain, the United States, Japan and Canada announced a ban on imports of Russian gold, sales of which totalled $15bn last year, at the start of the G7 three-day summit on Sunday
Russian grades totalled 16.5% of India's oil imports last month, but the country still gets nearly 60% of its oil from Iraq and nations in the Middle East, and the Russian spurt may have already ended
The days of cheap Russian oil have evaporated, according to Indian sources, who say Rosneft has failed to sign new oil deals with Indian refiners, as sales have been done with other customers.
Russia is pumping an extra 70,000 barrels a day via the East Siberia Pacific Ocean pipeline to Kozmino, its port in the Far East, amid surging demand from countries in Asia and EU sanctions
Russian news agency Sputnik said the move was designed to bolster cooperation among Shanghai Cooperation Organisation nations ``as a bulwark against US sanctions.''
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
US Commerce Secretary Gina Raimondo attributed the drops to Beijing's wariness of US sanctions and told the Post that export controls were working.
Nomura Holdings says Beijing stepped up imports of key energies, raw materials and grains.
Chinese officials met with local and foreign banks to discuss how to protect overseas assets from sanctions such as those imposed on Russia for invading Ukraine, the FT said
Germany is seeking closer ties with countries that share its democratic values in the Asia-Pacific region, such as Japan, Australia, South Korea and India, Schultz said