Ukraine wakes to possible pause in Russian energy strikes
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Russian oil company Lukoil plans to sell its international assets to U.S. private equity firm Carlyle Group, Lukoil said Thursday, as it rushes to divest its global portfolio in the face of impending U.S. sanctions.
The European Union is preparing new restrictions on Russian banks, oil companies and third-country financial institutions as part of its upcoming 20th sanctions package, according to Bloomberg
In November, the gap between Brent — the international oil benchmark now trading at its lowest level since 2021 — and Russia’s main Urals blend roughly doubled month on month, after the US imposed sanctions on oil majors Rosneft and Lukoil.
The New Voice of Ukraine on MSN
EU preparing 20th Russia sanctions package targeting oil, banks, shadow fleet
Under the proposal, if approved by member states, European companies could be barred from providing key services — including insurance and transportation — required for Russian oil exports, regardless of the crude’s price,
Bipartisan Russia sanctions package would impose tariffs on countries buying Russian oil and gas, primarily targeting China and India energy purchases.
The European Union is preparing its 20th sanctions package against Russia, focusing on maritime restrictions, energy trade, and closing circumvention loopholes while navigating political divisions among member states.
The European Union aims to impose a 20th sanctions package against Russia on Feb. 24, the day marking the fourth anniversary of Russia's full-scale invasion of Ukraine, EU foreign policy chief Kaja Kallas told reporters on Jan.
Several of Russia’s most prominent TV personalities, including Pavel Zarubin, a state TV reporter known for fawning reporting on -- and nearly unfettered access to -- President Vladimir Putin, were targeted in the European Union's newest package of sanctions.
Russian oil and gas revenue fell by a fifth in 2025 to their lowest point in five years. But while Western sanctions have no doubt played a role, experts remain unconvinced that Moscow's growing budget problems will change its determination to continue its grinding advance across Ukraine.
Russian oil tanker intercepted between Spain and Morocco as western powers intensify efforts to disrupt Moscow's sanctions-evading shadow fleet operations.
By Jeslyn Lerh and Natalia Chumakova SINGAPORE/MOSCOW, Jan 26 (Reuters) - Russian fuel oil exports to Asia slowed in early 2026 as rising scrutiny due to tighter Western sanctions hampered trade while Ukrainian drone attacks on refining facilities in Russia reduced output,
The US move was not co-ordinated with Berlin. Banks halted the refinery’s transactions and stopped processing salaries. The German government eventually secured a six-month reprieve from US authorities, arguing that the Russian oil group had no effective control of the plant.