The Kremlin has warned that the latest US sanctions on Russia’s energy sector could destabilize global markets, with Moscow pledging to take measures to minimize the impact. The sanctions, aimed at cutting Russia’s war funding, target major oil producers and vessels involved in shipping Russian oil.
The Kremlin warned on Monday that the latest round of US sanctions targeting Russia's energy sector could destabilize global markets, with Moscow vowing to take steps to mitigate their impact. Kremlin spokesman Dmitry Peskov criticized the US for attempting to undermine Russian companies through non-competitive measures but expressed confidence in Russia's ability to counteract them.
Peskov added that such sanctions would inevitably disrupt international energy markets, including oil markets, and emphasized that Russia would carefully monitor the situation and adjust the operations of its companies to minimize the consequences of what he called "illegal decisions."
The US Treasury imposed new sanctions on Friday, targeting Russian oil producers Gazprom Neft and Surgutneftegaz, as well as 183 vessels involved in shipping Russian oil. The measures are intended to reduce Russia’s revenue, which funds its war with Ukraine. US officials suggest the sanctions could cost Russia billions of dollars monthly if fully enforced.
In response, Chinese and Indian refiners, which have been major buyers of Russian oil, are exploring alternative crude supplies. Many of the vessels affected by the new sanctions have been transporting oil to these countries. Peskov remarked that history has shown it is difficult to permanently block energy supply routes, and that Russia would seek alternative solutions to lessen the sanctions' impact.
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Starting a war is easy; ending one is far harder. The maxim, often attributed to Gabriel García Márquez, has held true in Ukraine. After four years of conflict, Russia has failed to achieve its strategic aims. Now the U.S. risks a similar outcome in Iran.
How do political narratives travel from Moscow to Westminster?
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
Trump says U.S. found “major points of agreement” with Iran and has paused strikes on Iranian power plants, but Tehran denies any direct talks or negotiations, contradicting U.S. claims - latest on Middle East conflict.
Pakistan has offered to host talks between the U.S. and Iran to bring an end to the conflict, while Lebanon has ordered the Iranian Ambassador to leave the country. Meanwhile, oil prices continue rising as the fallout from the Middle East conflict continues.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
British Prime Minister Sir Keir Starmer said on Monday (23 March) that Britain must plan for the possibility that the Iran war could continue for some time, and added that he had no "meaningful concerns" about energy supply.
Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all European goods and for nearly all exports of Australian critical minerals.
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