A source said the price-per-barrel cap level had not yet been determined, but it would have to be high enough to give Russia an incentive to keep producing oil

China is the second-largest contributor to Russia's import decline since it invaded Ukraine, says a report by the Peterson Institute for International Economics in Washington.

Reliance Industries’ Jamnagar refinery in Gujarat received 27% of its oil from Russia in May, up from 5% in April, according to a report by the Guardian.

Russia has struggled to make payments on $40 billion of outstanding bonds since its invasion of Ukraine, as sanctions have effectively cut the country off from the global financial system

China and India have been stocking up on Russian oil, but their actions have undermined efforts by the US and Europe to impose sanctions that limit funds to the Kremlin while it wages war in Ukraine

Beijing's imports of liquefied natural gas (LNG) from the US between February and April plummeted 95% from a year ago

Putin said Russia was discussing increasing the presence of Chinese cars on the Russian market as well as the opening of Indian supermarket Chains.

The move by the Indian Register of Shipping is keeping state-owned Sovcomflot's tanker fleet afloat and ensuring it can continue exports to India of Russian oil

Leaders from Australia, Japan, South Korea and New Zealand will join NATO as a warning to Beijing that the war in Ukraine has not detracted from Western nations' focus on China

The Republican senators wrote they were "deeply concerned" that TikTok "is enabling the spread of pro-war propaganda to the Russian public'

"The disruption ... on the international economic order; and the chance to grow would be much, much (more) significant than this one," chief trade negotiator John Deng said

One risk is that export bans by countries that rely heavily on food imports could prompt neighbours to retaliate, an analyst told the Times