Russian Oil and Gas

The mystery of the fire at an important Russian refinery in Europe

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The fire at Hungary's MOL refinery - a strategic facility specializing in processing Russian oil - is raising suspicions of an external sabotage incident.

New risks for Russian oil and gas group branch in Germany

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Germany naturalizes the Russian oil and gas giant Rosneft branch despite being exempted from US sanctions.

US unexpectedly exempts sanctions on Russian oil and gas group's branch

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The US has removed a subsidiary of Russian Oil and Gas Group Rosneft in Germany from the sanctions list.

US sets deadline for Germany to end the fate of Russian oil and gas group

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The US has given Germany a 6-month deadline to completely handle the ownership of Russian oil and gas giant Rosneft's assets in its territory.

Hungary threatens to sue EU over Russian gas ban

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Hungary has said it will sue the EU in a court of high authority over a ban on Russian gas, and has said it will fight to the end to protect energy security.

Russian oil and gas giant sells assets after US sanctions

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Russian oil and gas giant Lukoil will sell assets abroad following US sanctions.

Strategy to help the EU escape the trap of dependence on energy and raw materials

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Facing risks from Russia and China, the EU is implementing a multi-term strategy to regain autonomy in energy and raw materials.

Hungary disagrees with EU, affirms it cannot give up Russian oil

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Hungarian Foreign Minister Peter Szijjarto affirmed that the country cannot give up Russian oil, emphasizing that this is a matter of geography and supply, not politics.

Germany proposes US exemption from sanctions on Russian oil and gas group

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Germany is seeking to offer the US an exemption from sanctions on the Rosneft branch of Russian oil and gas giant amid the risk of a shortage of oil supplies.

Guaranteed customers hesitate to accept Western sanctions on Russian oil

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Reliance Industries, Russia's largest oil buyer, is reconsidering imports after the West imposed additional sanctions on Russian oil.

Oil prices cool down, markets suspect US commitment to sanction Russia

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Oil prices cooled down after soaring, as the market was skeptical about the real effectiveness of Russian sanctions.

Hungary seeks to reduce its influence after new EU sanctions on Russia

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Hungary is seeking to reduce its impact on the national energy market following a series of new European Union (EU) ban against Russia.

Mr. Trump affirmed that in 6 months the Russian economy will be hit by sanctions

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US President Donald Trump said it will take 6 months to assess the real impact of the new sanctions that the US has just imposed on the two Russian oil and gas giants.

Warning of the US facing unpredictable consequences when sanctioning Russian oil

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Russian President Vladimir Putin warned that US sanctions on Russian oil would lead to a global energy price shock, affecting the US as well.

US - EU simultaneously take action against Russian oil and gas

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The US and EU have simultaneously announced new sanctions against the Russian oil and gas industry to curb Moscow's energy revenue.