Russia, European Union
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Nayara Energy, an Indian refiner part-owned by Russia's Rosneft and newly sanctioned by the European Union, has revised payment terms to sell a spot naphtha cargo in a tender issued on Monday, according to a document seen by Reuters.
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The European Union and Britain on Friday ramped up pressure on Russia over its war on Ukraine, targeting Moscow’s energy sector, shadow fleet of aging oil tankers and military intelligence service
The European Union on Friday reached an agreement to impose its 18th round of sanctions against Russia over its war in Ukraine after Slovakia ended its protest.
Russia-backed Indian refiner Nayara Energy on Monday condemned the European Union's sanctions on it and said it was exploring legal options against the latest "restrictive measures".
Chinese Foreign Ministry and Ministry of Commerce (MOFCOM) on Monday slammed EU sanctions involving Chinese banks and companies over Russia, and vowed to safeguard legitimate rights with necessary actions.
An internal admission from Chinese Foreign Minister Wang Yi reveals Beijing's concern over Russia's defeat in Ukraine, raising alarm among EU officials and exposing China's deeper involvement despite public neutrality.
Crude oil futures were little changed on Friday on mixed U.S. economic and tariff news and worries about oil supplies following the European Union's latest sanctions against Russia for its war in Ukraine.