Tag: Russia

Crude oil prices rose Monday after a deadly attack on Saudi Arabia’s airport in Riyadh, while Ukraine said Russia continued to attack its energy facilities. Brent crude futures, the international benchmark, were up 2% to $106.81 a barrel by 8:45 a.m.

Russia has launched a widely anticipated attack on Ukraine’s power grid, hitting key facilities in Kyiv and other major cities across the country, marking one of the biggest energy assaults in months.

Donald Trump pressed his Ukrainian counterpart Volodymyr Zelenskyy in a call on Sunday to halt Kyiv’s strikes on Russian refineries over concerns that the attacks are exacerbating a global diesel shortage and pushing up prices, according to people familiar with the call.

U.S. President Donald Trump has urged Ukrainian President Volodymyr Zelenskyy to stop targeting Russian oil refineries, saying the attacks are “hurting the world” as fuel supply disruptions from the Ukraine and Iran wars propel U.S. diesel prices to a record high.

Volodymyr Zelenskyy said Russia and Ukraine were at the “beginning of the end” of Europe’s biggest conflict since the second world war, but urged Washington to see through Vladimir Putin’s negotiating “games”.

Peace talks between Ukraine and Russia in Geneva ended on Wednesday after only two hours, with President Volodymyr Zelenskiy describing them as “difficult” and accusing Russia of deliberately delaying progress toward a deal to end the four-year-old war.

Russia’s oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue.

Ukraine has begun planning presidential elections alongside a referendum on any peace deal with Russia, after the Trump administration pressed Kyiv to hold both votes by May 15 or risk losing proposed US security guarantees.

Discounts on Russian oil exports to China widened to new records this week as sellers cut prices to lure demand from the world’s top crude importer and offset the likely loss of India sales, traders said.

Russian President Vladimir Putin has received an invitation to join the U.S.′ “Board of Peace” for Gaza, the Kremlin said Monday.

Russia called the Trump administration’s threats to take over Greenland “extraordinary” on Friday, adding it would continue monitoring the situation.

President Donald Trump on Sunday insisted Ukraine and Russia are “closer than ever before” to a peace deal as he hosted Ukrainian President Volodymyr Zelensky at his Florida resort, but he acknowledged that negotiations are complex and could still break down, leaving the war dragging on for years.

Ukraine has said it’s willing to give up its aspirations to join NATO in return for security guarantees, as part of a peace deal to end the almost four-year war with Russia.

Ukrainian President Volodymyr Zelenskyy said Thursday that Kyiv is “geared up for clear and honest work” to develop a peace plan to end the country’s war with Russia, after being presented with draft proposals by U.S. delegates.

EU energy ministers on Monday backed a proposal to phase out Russian oil and gas imports to the bloc by January 2028, the Council of the European Union said.

U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.

The European Commission has proposed a 19th package of sanctions against Russia to member states, Commission President Ursula von der Leyen announced on Friday.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat.

Russian oil exports to India are set to rise in September, traders said, as producers cut prices to sell more crude because they cannot process as much in refineries that were damaged by Ukrainian drone attacks on energy infrastructure.

White House trade advisor Peter Navarro warned India about “cozying up” to Russia and China through oil purchases in an op-ed published Monday in the Financial Times.