According to data seen by Reuters, five Western insurance companies have continued providing services to Russian oil tankers, despite concerns that most Russian oil is still being traded above the $60 per barrel price cap.
The sanctions imposed by Ukraine against Lukoil do not affect the current transit of oil through the Druzhba pipeline, as Lukoil is not the official owner of this oil, according to the European Commission.
Gazprom's revenue fell by 30% last year with a net loss of $6.9 billion, the largest in 25 years.
To appreciate the booming Russian fossil fuels trade, one need only go to a rooftop cafe along the Bosporus. Back in March, while sipping tea on an Istanbul terrace, I watched as, over the course of two hours, at least four tankers – later identified through open-source marine traffic websites – carried
Kyiv is open to participating in consultations with the European Union on the transit of Russian Lukoil's oil if Brussels decides to use "an appropriate mechanism," Heorhii Tykhyi, Foreign Ministry's spokesman, said on July 30.
Hungary and Slovakia turned to the EU earlier this month as Ukrainian sanctions effectively halted the supplies from the Russian Lukoil company to the two Central European countries through the Druzhba pipeline.
Authorities opened a preliminary criminal case into the potential violation of industrial health and safety standards, RIA Novosti said.
The Indonesian state-owned refinery Pertamina has included Russian crude oil grades in its September tender lists for purchase, Reuters reported on July 23, citing three traders.
The Russian Defense Ministry claimed its forces intercepted eight drones over Krasnodar Krai, 47 drones over Rostov Oblast, one each over Belgorod, Voronezh, and Smolensk oblasts, and 17 over the Black and Azov seas.
The restrictions have created supply shortages in Budapest, which depends on Russia for 70% of its oil supply, with Lukoil providing half of that volume, according to Politico.
A large fire broke out at a low-voltage equipment plant in Kursk Oblast, Governor Alexei Smirnov reported on July 16.
An "unspecified number" of governments are expected to approve the plan on July 18, during a meeting of the European Political Community hosted by British Prime Minister Keir Starmer in the U.K., according to a draft statement.
"According to our information, it was SBU drones that (caused the explosion) at the facility where various brands of gasoline and diesel fuel with a total volume of 12,500 cubic meters were stored," an intelligence agency source told the Kyiv Independent on July 13.
India's state-run refiners are in talks with Russia about a long-term oil import deal, Reuters reported on July 11, citing an undisclosed government source.
Russia's revenues from oil exports in June were about $16.7 billion, a 1.2% drop from the previous month. Earnings from oil exports have continued to decline since a high of almost $19 billion in February 2024.
Ukraine's drone strikes on Russian oil refinery sites have caused the volume of Russia's oil refining to fall by around 17%, a NATO official reportedly told journalists in Washington on July 9.
Key developments on July 6,7: * Ukrainian drones attack ammunition, oil depots in Russia, source says * Leaked documents suggest more Russians killed in Ukraine than previously thought * Poll: More and more Russians think a nuclear strike on Ukraine is justified * Ukraine working on new maritime strategy, Zelensky says * Turkey proposes
"Romanov" appears to have been at the scene of an earlier drone strike and was filming rescue services in the area.
The drone hit the facility at 4:35 a.m. local time and caused a small fire, according to Governor Maksym Yegorov.
"(President Joe Biden) has wanted to do everything that he could to make sure that American consumers have the lowest price possible at the pump, as it affects families' daily lives," a senior administration official told the Wall Street Journal.
The fire at an oil depot in the town of Azov in Russia's Rostov Oblast has been extinguished, Rostov Oblast Governor Vasyl Golubev claimed on June 21.
According to Radio Free Europe/Radio Liberty's investigative project Schemes, the depot in the Russian city of Azov is run by Azovproduct which can store up to 30,000 tons of oil products.
"On the Danish side, we have assembled a circle of countries that will look at the possibilities for further measures against the shadow fleet," Danish Foreign Minister Lars Loekke Rasmussen said in an interview.
The military said the attack had been carried out by "Ukrainian-made means," but did not elaborate.
A fire broke out at Russia's Novoshakhtinsk oil refinery following a series of explosions in Rostov Oblast in the early hours of June 6, according to Russian media.
A Russian oil refinery in the northwestern Komi Republic caught fire on June 2, leading to casualties, the Komi Republic’s Investigative Committee said.
The operator of the world's largest oil refining complex, India's Reliance Industries, has reached a one-year agreement with Russia's state-controlled oil company Rosneft to purchase oil in rubles, Reuters reported on May 28.
The CEO of Russia's state-controlled oil company, Rosneft, sent a letter to Russian Prime Minister Mikhail Mishustin asking the Kremlin to approve tax breaks to offset the cost of preventing drone attacks on the company's oil refineries, Russian state-controlled media reported on May 23.
India's imports of Russian oil rose to a nine-month high after shipments from non-sanctioned tankers of the Russian Sovcomflot company resumed, Reuters reported on May 21, citing data from shipping and trade sources.
A unit of an oil refinery in the Russian town of Slavyansk-on-Kuban was damaged in a drone attack, the Russian state-owned media RIA Novosti claimed on May 20, citing a source in the operating company.
The Security Service of Ukraine (SBU) in conjunction with the country's new Unmanned Systems Forces, launched a drone attack on Russia's Kushchevskaya military airbase and Slavyansk oil refinery plant overnight, Ukrainska Pravda reported on May 19.
A source told Reuters that drones had struck the liquefied petroleum gas (LPG) unit at the refinery but that the crude distillation unit (CDU) was not damaged.
