US Sanctions Russian Oil Companies
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Reliance Industries Ltd, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement.
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Pump prices could rise after US, EU hit Russian oil companies with new sanctions and oil spikes
Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end Moscow’s brutal war on Ukraine.
Putin said that "no self-respecting country does anything under pressure," calling new U.S. sanctions an "unfriendly act."
Kyrgyzstan voiced regret on Friday over the inclusion of several Kyrgyz entities in the European Union's latest Russia sanctions list, a move it called "one-sided sanctions pressure".
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EU puts more sanctions on Russia
The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump's new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington's move an "unfriendly act" that could backfire by spiking global oil prices.
At least 29 people, including five children, were wounded in Kyiv, which appeared to be the main target, authorities said.
Russian Central Bank Governor Elvira Nabiullina addressed a news conference on Friday after the central bank cut its interest rate by 50 basis points to 16.5%.
The European Union has imposed more economic sanctions on Russia. The new penalties announced on Thursday add to measures by U.S.