Russian oil producer Tatneft has been awarded $112 million in compensation from Ukraine over a refinery ownership dispute by an international arbitration court, piling pressure on cash-strapped Kiev, the company said.
The mid-sized prod
Europe needs to enforce its energy strategy and will have to pay more for gas if it wants to improve the safety of supply and reduce its reliance on Russia, the head of the West's energy watchdog said.
The 28 country European Union
Russia's top crude oil producer Rosneft will sell drilling rigs to Norway's North Atlantic Drilling (NADL) in return for shares in the firm, going ahead with an earlier agreed deal despite sanctions over Ukraine.
Russia may tighten retaliatory sanctions against Western nations to include a ban on imports of cars, if the United States and the European Union impose additional sanctions on Moscow, daily newspaper Vedomosti reported on Monday.
Bahrain has reportedly become the first country in the world to buy a new advanced anti-tank missile system from Russia.
An executive from weapons exporter Rosbornexport told the state-owned Information Telegraph Agency of Russia yester
Russia will ban all imports of food from the US and all fruit and vegetables from Europe, the state news agency reported on Wednesday, a sweeping response to Western sanctions imposed over its support for rebels in Ukraine.
Russia fought back on Wednesday over new US and EU sanctions imposed over Ukraine even as G7 leaders warned of further steps, while Ukraine's government accused pro-Russian rebels of placing land mines near the site of a crashed Malaysian ai
Ukraine's foreign minister welcomed US and European sanctions on Russia announced on Tuesday and pledged Kiev would not attack cities now controlled by pro-Russian separatists in its drive to re-establish control over its territory.
European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defence, dual-use goods and sensitive technologies, diplomats said.
The sanctions will be reviewed after
The Hague's arbitration court ruled on Monday that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.