G7 price cap on Russian oil: All you need to know

BRUSSELS: The Group of Seven nations, Australia and the 27 European Union countries imposed on December 5 a price cap on Russian crude oil transported by ships, aiming to reduce Moscow’s ability to finance its war in Ukraine and preserve stability on the global oil market. The price cap comes on top of an EU […]

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EU reaches deal for $60 per barrel price cap on Russian oil

BRUSSELS: The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oila key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, the EU presidency, held by […]

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EU tentatively agrees $60 price cap on Russian seaborne oil

BRUSSELS: European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters. The agreement […]

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Russian Shelling Kills 32 In Ukraine’s Kherson Since Liberation: Police

Russian forces completed their withdrawal from the city of Kherson on Nov 11. (File) At least 32 people in the southern Ukrainian region of Kherson have been killed by Russian shelling since pro-Moscow forces pulled out two weeks ago, the head of Ukraine’s police said on Saturday. Russian forces completed their withdrawal from the city […]

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G7’s Oil Price Cap Sanctions To Have Little Impact On Russian Revenue Immediately

Proposed G7 oil price cap to have little immediate impact on Russian revenue LONDON/NEW DELHI/MOSCOW: The Group of Seven (G7) nations’ proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources […]

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Russian Envoy On India-Russia Diplomatic Relations

There is nothing more important than friendship the Russian envoy Denis Alipov said. New Delhi: As India and Russia celebrate 75 years of diplomatic relations between the two countries, Russian Ambassador to India Denis Alipov during the Russian Culture festival inauguration here in New Delhi said that tonight he is resuming a tradition of reciprocal […]

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Russian opposition leader Navalny sent to tiny one-man cell

MOSCOW: Imprisoned Russian opposition leader Alexei Navalny has been transferred to a one-man cell, according to a post on Thursday on his social media account. Navalny was placed in solitary confinement, also called a “punishment cell,” on November 1 but could only be held there for 15 days, according to the post on his Instagram […]

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Russian missiles cross into Poland during strike on Ukraine

KYIV: A Russian missile barrage on the Ukrainian power grid sent the war spilling over into neighboring countries Tuesday, hitting NATO member Poland and cutting electricity to much of Moldova. The strikes plunged much of Ukraine into darkness and drew defiance from President Volodymr Zelenskyy, who shook his fist and declared: “We will survive everything.” […]

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G7 Price Cap on Russian Oil: What is the Mechanism, How Will It Affect Moscow’s Revenue

India stood to gain from the G7-imposed price cap mechanism on Russian oil, said US treasury secretary Janet Yellen and hoped the country will take advantage of it. She said as long as India did not avail of western insurance, finance and maritime services bound by this cap, the country could buy as much oil […]

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British Government Has Frozen 18 Billion Pounds Worth Of Russian Assets

The frozen assets are a combination of shareholdings in companies and cash held in bank accounts. London: The British government said today it had frozen assets worth more than 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and businesses sanctioned over Moscow’s invasion of Ukraine. Russia has overtaken Libya and Iran to become […]

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Russian says it’s withdrawing from key city in Ukraine

KYIV: Russia’s military announced Wednesday that it’s withdrawing from Ukraine‘s southern city of Kherson and nearby areas, in what would be another in a series of humiliating setbacks for Moscow’s forces in the 8-month-old war. Ukrainian authorities did not immediately confirm the move – and President Volodymyr Zelenskyy has suggested in recent days that the […]

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Ukraine: Russian shelling damaged nuclear plant power lines

Ukraine‘s nuclear state operator said on Thursday that Russia has shelled and damaged power lines connecting Europe’s largest nuclear power plant to the Ukrainian grid, leaving the plant reliant on diesel generators again. The generators have enough fuel to maintain the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine for just 15 days, Energoatom said in […]

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Russian warplane crashes into building in Siberia

MOSCOW: A Russian warplane crashed into a residential building in the Siberian city of Irkutsk on Sunday, regional authorities said. There was no immediate information on casualties. Irkutsk governor Igor Kobzev said the plane came down on a two-storey building in the city. The local branch of Russia‘s emergencies ministry said the Su-30 fighter jet […]

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Russian, Ukrainian troops gird for major battle in Kherson

KYIV: Russian and Ukrainian troops appeared Thursday to be girding for a major battle over the strategic southern industrial port city of Khersonin a region which Russian President Vladimir Putin has annexed and subjected to martial law. Fighting and evacuations were reported in the Kherson region as Moscow tried to pound the invaded country into […]

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Russian border region says Ukraine shelled it, Kyiv blames stray Russian fire

The governor of a Russian border region accused Ukraine of shelling an apartment block there on Thursday but a Kyiv official said a stray Russian missile was to blame, in only one of a series of apparent strikes on Russian border towns. Vyacheslav Gladkov said a school had been damaged in a village close to […]

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Russian launches to space from US, 1st time in 20 years

CAPE CANAVERAL: For the first time in 20 years, a Russian cosmonaut rocketed from the US on Wednesday, launching to the International Space Station alongside NASA and Japanese astronauts despite tensions over the war in Ukraine. Their SpaceX flight was delayed by Hurricane Ian, which ripped across the state last week. “I hope with this […]

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IBA allows return of Russian, Belarus boxers with flags and anthems | Boxing News

LONDON: The Russian-led International Boxing Association (DIFFERENT) on Wednesday cancelled a ban on amateur boxers from Russia and Belarus and said it would allow them to compete with national flags and anthems in events with immediate effect. The world governing body, which is at odds with Olympic organisers, said in a statement that its board […]

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Over 200,000 people mobilised to Russian army in two weeks: Defence minister

MOSCOW: More than 200,000 people have been conscripted into the Russian army since President Vladimir Putin announced a mobilisation drive on September 21, Moscow‘s Defence Minister Sergei Shoigu said Tuesday. “As of today more than 200,000 people have entered the army,” Shoigu during a meeting, according to Russian news agencies. Russia’s mobilisation is aimed at […]

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Ukraine Town “Completely Cleared” Of Russian Troops: Volodymyr Zelensky

Volodymyr Zelensky said that Lyman was “completely cleared” of Moscow’s troops. (File) Kyiv: Ukraine’s President Volodymyr Zelensky said Sunday that Lyman, a key town located in one of the four Ukrainian regions that Russia annexed, was “cleared” of Moscow’s troops. The latest development — a feature of Ukraine’s weeks-long counteroffensive against Moscow’s invasion — comes […]

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Ukraine encircles thousands of Russian troops at Lyman stronghold

KYIV: Ukraine has encircled thousands of Russian troops at the eastern town of Lyman, a bastion that is critical for Moscow, in an operation that is still under way, a Ukrainian military spokesperson said on Saturday. The capture of the town, which Russia has used as a logistics and transport hub for its operations in […]

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