India’s imports of crude oil from Russia fell 6.5% in June after reaching a record high in May, while those from Iraq, Saudi Arabia and the US increased, according to energy cargo tracker Vortexa. India imported 1.8 million barrels per day (mbd) of Russian crude in June. China imported 1.6 …
Read More »Ukraine:G7 to discuss sanctions on Russian Diamonds
G7 leaders meeting in Japan will discuss sanctioning Russia’s billion-dollar diamond trade, an EU official said Thursday, hoping to further starve Moscow of funds for its war in Ukraine. “We believe we need to limit exports from Russian trade in this sector,” the official said, adding that the G7 was …
Read More »Russia still belligerent; announce expulsion of “more than 20” German Diplomats
The Russian foreign ministry spokeswoman on Saturday announced the expulsion of “more than 20” German diplomats as a retaliatory measure for “mass expulsion” of Russian embassy staff from Berlin.Maria Zakharova told state-run television Zvezda that Moscow had decided to expel “more than 20” diplomats after her ministry denounced “another mass …
Read More »Oil Prices Increase as Russia Mulls Extension of Production Restrictions
Oil prices gained ground this week, with the US benchmark rising above $36 a barrel amid signals that Russia, a key OPEC ally, is considering a possible extension of oil production restrictions into the first quarter of 2021 in the light of rising coronavirus cases worldwide. Fresh lockdowns announced across …
Read More »U.S. Offers $10mn for Information on Election Intruders
United States has announced a 10-million-dollar (N3.8 billion) reward for information on foreign interference in its elections. The Secretary of State, Michael Pompeo, announced the offer in a statement on Wednesday. The move is targeting foreign government agents seeking to compromise the country’s federal, state or local election elections through …
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