New European measures to crack down on Russia’s shadow fleet could severely hurt its economy at a time when it is looking increasingly vulnerable.

The new reality has forced the Kremlin to raise taxes and increase debt, and hovers over peace talks with Ukraine.

Ukrainian President Volodymyr Zelenskyy has signed a decree imposing sanctions on companies that service Russia's tanker fleet and transport sanctioned oil.

Russian oil company Lukoil plans to sell its international assets to U.S. private equity firm Carlyle Group, Lukoil said Thursday, as it rushes to divest its global portfolio in the face of impending U.S. sanctions.

Since the day President Trump arrived at the White House, international trade policy has been at the top of his agenda, starting with the release

The European Union is preparing new restrictions on Russian banks, oil companies and third-country financial institutions as part of its upcoming 20th sanctions package, according to Bloomberg

After the United States imposed sanctions on Russia’s two biggest oil producers, the ripple effects wreaked havoc on business for local franchisees.

Reliance Industries will resume buying up to 150,000 barrels per day of sanctions-compliant Russian crude from February, after January pause, while diversifying supplies and seeking US approval for Venezuelan oil.