The key reason for the ample availability of Russian oil for exports is the slump in Moscow’s domestic oil demand ...

Energycategory· January 13, 2025 Six EU countries call for lowering of G7 price cap on Russian oil Six European Union countries on Monday called on the European Commission to lower the $60 per ...

Oil revenues are a major source of income for Putin's regime and play a vital role in helping Russia to finance its war in Ukraine.

British PM Says G7 Should Take More Risks to Squeeze Russia LONDON (Reuters) - British Prime Minister Keir Starmer said on Monday the Group of Seven (G7) wealthy countries should be willing to ...

The statement noted that the G7 "discussed imposing further costs on Russia in case such a ceasefire is not agreed, including through further sanctions, caps on oil prices, as well as additional ...

The G7 also called for a ... imposing further costs on Russia in case such a ceasefire is not agreed, including through further sanctions, caps on oil prices, as well as additional support for ...