Black Sea Petroleum (BSP), the company behind Georgia's Kulevi plant on the Black Sea coast, has announced that as of 23 August, the refinery is processing exclusively non-Russian oil.
The U.S. Treasury did not publish an extension of its sanctions waiver for Russian seaborne oil before it expired at midnight on Wednesday, raising questions over whether Washington is preparing to reimpose restrictions on Russian energy exports.
President Volodymyr Zelenskyy on Tuesday (24 February) urged Ukraine’s allies to maintain their backing as the war with Russia entered its fourth year, with divisions among European partners overshadowing anniversary commemorations.
India says it's going to stop buying Russian oil and lower trade barriers after U.S. President Donald Trump announced a trade deal with India on Monday (2 February) that cuts American tariffs on Indian goods to 18% from 50%.
India has not made any statement on halting purchases of Russian oil despite claims by US President Donald Trump that such a step was part of a new trade accord with Washington, the Kremlin said on Tuesday (3 February).
Canada announced Wednesday that it has reduced the price cap on seaborne Russian-origin crude oil from US$60 to US$47.60 per barrel, aiming to limit Moscow’s revenue amid the ongoing war in Ukraine.
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