June 12, 2026

Ukraine war impact

India's Russian oil trade: US secretary claims India 'geared down and stopped'; threat of 500% tariff legislation looms

India’s Russian oil trade: US secretary claims India ‘geared down and stopped’; threat of 500% tariff legislation looms

admin03 mins

US Treasury Secretary Scott Bessent claimed that India has scaled back purchases of Russian oil following trade action taken by President Donald Trump, linking New Delhi’s move to the imposition of tariffs by Washington.Speaking at the World Economic Forum in an interview with Fox Business, Bessent, talking about the Russian Sanctions Bill, said India began…

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EU says no to Russian gas: European Union aims to ban supply by 2027 - What is the whole plan?

EU says no to Russian gas: European Union aims to ban supply by 2027 – What is the whole plan?

admin04 mins

The European Union has agreed on a timeline to completely halt Russian gas imports by autumn 2027, marking a significant escalation in efforts to curb Moscow’s energy revenues as the war in Ukraine approaches its fourth year.The agreement was reached during overnight talks between EU institutions and national governments, ending months of negotiations over how…

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