on Google
The European Commission has proposed to ban selling oil tankers to Russia to slow down the country's growing hydrocarbon exports that bypass Western sanctions, Reuters reported on Nov. 17.
Any sales of tankers to a third country would include clauses forbidding the subsequent resale of ships to Russia or freighting Russian oil products in defiance of Western price caps, such as $60 per barrel of crude.
"The price cap mechanism relies on an attestation process that enables operators in the supply chain of sea-borne Russian oil to demonstrate that it has been purchased at or below the price cap," Reuters reported, citing the document.
Russia's hydrocarbon exports are a major source of the revenue it uses to maintain its war machine. After sanctions and import restrictions on Russian resources to Western markets, Russia has intensified the sale of oil to countries that haven't joined in, such as India and China.
Besides producing weapons and ammunition, oil revenue can also be used to pay competitive salaries to mercenaries and contract soldiers, enticing them to fight for against Ukraine.
Most Popular
Fire reported overnight at Engels air base, home of Russia's heavy bombers
Buryatia shows what happens when Russia runs out of volunteers
Major fire reported in St. Petersburg as Ukraine strikes Russian e-commerce giant Wildberries for fifth time in past week
'He hates us' — Russians are furious about Ukraine's new Commander-in-Chief Drapatyi
Ukrainian drones strike oil refinery, pumping station, explosions seen near 'Russia's Amazon' logistics hub
News Feed Show More
Sunday, July 26
President Volodymyr Zelensky warned on July 25, citing intelligence reports, that Russian President Vladimir Putin is "preparing the conditions for expanding mobilization" as the toll of mounting Russian losses on the battlefield continues to surpass Russian recruitment efforts.
(Updated: )
Russia once again bombarded Kyiv with ballistic missile attacks overnight on July 25, as President Volodymyr Zelensky warned of Russia's plan to launch a massive missile attack against the Ukrainian capital.
Saturday, July 25
"Russia wants to bring in another 30,000 North Korean troops," President Volodymyr Zelensky said in his nightly address on July 25.
Kazakhstan's President Kassym-Jomart Tokayev called for Russia's war against Ukraine to be frozen and urged a return to peace negotiations based on a revised version of the Istanbul talks.
(Updated: )
Regional authorities reported that a mass Ukrainian drone attack damaged a residential building, a gas pipe, and unspecified "commercial property." While the facility was not identified, the report follows a string of Ukrainian strikes on logistics centers serving the Russian e-commerce giant Wildberries.
The devastation was particularly severe in Sloviansk, a front-line Donetsk Oblast city that remains home to over 40,000 residents.
The Kyiv Independent’s Francis Farrell and Olena Zashko embed with the 15th Brigade of Ukraine’s National Guard, also known as Kara Dag, part of the 1st Azov Corps, joining an FPV drone team living and fighting out of the city’s basements.
(Updated: )
Air-raid sirens rang out around 11:20 a.m., with Ukraine's Air Force reporting Russian missiles heading to the Ukrainian capital.
The number includes 1,450 casualties that Russian forces suffered over the past day.
(Updated: )
The cause of the fire remains unclear. Russia's Emergency Situations Ministry announced a drone threat over Saratov Oblast the night of the fire, and the air base has been targeted in several previous Ukrainian strikes.
Friday, July 24
Russia plans to launch a massive missile attack against Ukraine within 48 hours and is preparing for a "significant" wave of mobilization in the fall, President Volodymyr Zelensky said July 24.
(Updated: )
Two air-dropped bombs were used in the morning attack, said regional governor Vadym Filashkin, repeating calls for the remaining residents of the city to evacuate to safer areas.
Protesters now say their campaign will continue indefinitely until Mykhailo Fedorov is returned to the Defense Ministry.
Editors' Picks
'He hates us' — Russians are furious about Ukraine's new Commander-in-Chief Drapatyi
Thanks to Ukraine's new strategy, Russia's grip on Crimea is crumbling
As war drags on, Russia's pro-war camp turns its anger on the Kremlin
