Exclusive-China state firms curb Russian oil imports on sanctions risks, sources say
Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent U.S. sanctions on Moscow,
Chinese state oil firms cut Russian crude purchases over sanctions fears, Reuters reports
"They are taking a break for now while contemplating if there are ways to work around," a source told Reuters.
Russia using cryptocurrency in oil trade with China, India to bypass sanctions, Reuters reports
The cryptocurrency scheme currently represents a small fraction of Russia's $192 billion annual oil trade, according to the International Energy Agency, but its usage is reportedly increasing.
Russia Turns to Crypto to Bypass Western Sanctions in Oil Trade: Reuters
While fiat currencies remain the primary method, crypto is seen as a convenient and flexible tool for transactions.
US tightens grip on Russian oil trade, sanctions bite
The administration of U.S. President Donald Trump has not extended the sanctions waiver that allowed transactions with Russian banks related to trading Russian energy carriers. The decision to terminate this loophole was made by Joe Biden's administration and it expired on Tuesday.
Russia uses crypto in Chinese and Indian oil trade
Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reports citing unnamed sources. As reported by bne IntelliNews, Russia passed legislation on crypto mining in August 2024,
Russia uses cryptocurrencies for oil trade with China and India – Reuters
Russia uses cryptocurrencies in oil trade with China and India to evade Western sanctions, informs Reuters. Some Russian oil companies use Bitcoin, Ethereum, and stablecoins such as Tether to facilitate the conversion of Chinese yuan and Indian rupees into Russian rubles,
US Treasury confirms expiration of Russian energy financing license
The U.S. Treasury on Thursday confirmed that a license allowing a wind-down of energy transactions with Russian financial ...
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Gazprom Neft has completed industry tests of the first Russian complex of hydraulic fracturing equipment
Gazprom Neft, together with its partners, has successfully completed the unified industry tests of the first domestic fleet for hydraulic fracturing (FRACKING), the main method of increasing oil ...
Russian soccer to give up seat on UEFA executive committee in April elections
Russia will no longer have a seat on the influential UEFA executive committee after its elections in six weeks’ time.
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Russia's Gazprom Neft says 2024 net profit down 25% to $5.2 billion
MOSCOW, Feb 14 (Reuters) - Gazprom Neft (SIBN.MM), opens new tab, the oil arm of Russian energy giant Gazprom (GAZP.MM), opens new tab, announced on Friday that its net profit for 2024 was 479.5 ...
Russia’s Soccer Ban: Could UEFA And FIFA Lift The Suspension?
Earlier this week, European soccer body Uefa released the list of candidates running for a seat on its influential executive ...
Russian oil exports to China surpass exports to India in a first since December 2023
In the first 10 days of March, Russian crude oil loadings for India were at around 590 thousand barrels per day (bpd), lower ...
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Gazprom Neft cuts stake in Serbia’s NIS as US sanctions loom
BELGRADE, Feb 26 (Reuters) - Russia's Gazprom Neft (SIBN.MM), opens new tab transferred stakes of around 5.15% in Serbia's NIS (NIIS.BEL), opens new tab oil company to Gazprom (GAZP.MM), opens new ...
Ukraine Says Its Drones Hit Major Oil Refinery in Moscow
Ukraine claimed it hit a major oil refinery that supplies Moscow and its airports, as part of a record drone barrage ahead of talks between Kyiv and the US over a potential ceasefire.