Orthodox Church of Ukraine

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US temporarily lifts Russian oil sanctions

The U.S. Treasury Department issued a temporary license on March 12 to allow countries to purchase Russian oil currently stranded at sea, in an effort to stabilize global energy prices as the war with Iran drives markets higher.

Ukraine war latest: 'Fuel tanks are burning' — Major Russian oil hub hit in Ukrainian drone strike in Krasnodar Krai

Key developments on March 12: * 'Fuel tanks are burning' — Major Russian oil hub hit in Ukrainian drone strike in Krasnodar Krai, SBU source says * World’s largest oil producer Aramco in talks to buy Ukrainian interceptor drones, WSJ reports * Hungary's unrecognized Druzhba delegation arrives in Kyiv amid 'absurd' standoff * Ukraine, Romania sign strategic partnership declaration, set to co-produce drones Ukrainian forces struck infrastructure at the Tikhoretsk oil pumping station in Russi

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A Saudi Arabian arms company has signed a deal to buy Ukrainian-made interceptor missiles, the Kyiv Independent has learned, with one source within Ukraine's defense industry saying that Riyadh and Kyiv are negotiating a separate "huge deal" for arms that could be finalized this week. Iran’s recent air attacks across neighboring Gulf States amid the U.S. and Israel-led war against Tehran have kicked off a scramble for military equipment to combat ballistic missiles and Shahed attack drones. Wh

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