All articles tagged with #russia oil
EU leaders criticized the US decision to permit purchases of Russian oil stranded at sea, saying lifting sanctions would undermine support for Ukraine and Europe’s security, with Merz, Costa, and von der Leyen stressing that sanctions should stay in place despite ongoing price pressures and Middle East tensions.
Croatia refused Hungary and Slovakia’s request to transport Russian crude to Central Europe via the Adria pipeline after Druzhba flows through Ukraine were halted by attacks on Ukraine’s energy infrastructure, saying it won’t endanger energy security or violate EU/OFAC rules; Hungary and Slovakia had sought a sea-route workaround, underscoring EU energy-security concerns amid Russia’s war and ongoing pipeline disruptions.
A Center for the Study of Democracy analysis says Hungary’s continued import of discounted Russian oil (which accounted for about 92% of its crude in 2025) has not lowered prices for consumers but boosted MOL’s profits (up ~30% since 2022) and funded foundations linked to Prime Minister Viktor Orbán, including the Mathias Corvinus Collegium. The report argues this is a political choice, not a necessity, noting Hungary could source non‑Russian crude via the Adria pipeline and that EU policy should ban Russian crude to close loopholes financing the Kremlin’s war machine, a claim set against Hungary’s election season and ongoing sanctions debates.
The US and India announced a trade pact reportedly brokered by President Trump in which India’s tariffs will drop to 18% from 25%, non-tariff barriers will be reduced toward zero, and a 25% tariff linked to Indian purchases of Russian oil will be removed; Modi praised the agreement, and a White House official confirmed the terms as India agrees to stop buying Russian oil and to buy more US goods.
President Trump said tariffs on Indian goods would be cut to 18% after India agreed to halt purchases of Russian oil, a move that could reshape US-India trade ties amid ongoing negotiations.
India and the US have deescalated tensions and reopened trade talks, with recent conciliatory moves such as India reducing Russian oil purchases and the US appointing a new ambassador to India, signaling a potential improvement in their relationship.
US journalist Rick Sanchez criticizes Trump's 25% tariffs on India for Russian oil, calling it disrespectful and ignorant, emphasizing India's autonomy and strategic importance, and condemning US policymakers' lack of understanding of geopolitics and history in the Global South.
The US and India are experiencing a diplomatic downturn as new tariffs, including a 50% tariff on Indian goods, strain their relationship, potentially impacting strategic alliances like the Quad and India's ties with Russia.
China is resisting U.S. demands to stop buying oil from Iran and Russia, asserting its sovereignty and energy security, while secretly purchasing Iranian oil via a 'dark fleet' to evade sanctions. Despite ongoing trade negotiations and threats of tariffs, China remains committed to its energy interests, complicating U.S. efforts to reduce revenue for Russia and Iran amid broader geopolitical tensions.