Donald Trump refused Hungary’s request for an exemption from U.S. sanctions on Russian oil, despite Viktor Orbán’s appeal due to the country’s pipeline dependence.
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Russian oil
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India’s state-owned refineries begin paying for Russian oil in yuan, simplifying transactions and increasing access to crude shipments from Russia.
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Economy
India demands U.S. permission for Iran and Venezuela oil to reduce Russian imports
by Jake HarperIndia told the U.S. it could cut Russian oil imports only if allowed to buy crude from Iran and Venezuela, highlighting risks of global price hikes.
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Trump signed an executive order imposing a 25% tariff on imports from India, related to Russian oil, as part of a strategy to pressure countries trading with Russia.
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Orlen has officially ceased purchasing Russian oil for its Czech refinery “Litvínov,” marking the end of a long-standing dependence on energy imports from Russia.
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The EU prepares its 18th sanctions package against Russia, targeting the shadow fleet, oil sector, and military supply networks.