-
The EU plans to phase out Russian LNG by January 2027, earlier than scheduled, as part of its 19th sanctions package. The move aims to cut Russia's fossil fuel revenues amid ongoing tensions with the US, which is urging Europe to impose harsher tariffs on China and India for buying Russian energy. The package faces delays in approval.
-
On November 3, 2025, the US imposed sanctions on Russia’s largest oil companies, Rosneft and Lukoil, freezing their US assets and barring US business with them to pressure Moscow to end its war in Ukraine. The EU also adopted new sanctions, including a ban on Russian liquefied natural gas imports. India and China, major buyers of Russian oil, are reconsidering their purchases amid these measures. Meanwhile, diplomatic efforts continue with US President Trump seeking China's cooperation to pressure Russia, while Russia showcases new nuclear weapons amid ongoing conflict.
-
Indian and Chinese refiners are suspending or reducing Russian crude purchases amid US sanctions and fears of secondary sanctions. This shift impacts Russian exports, with buyers seeking alternative sources. The US deadline to wind down dealings with sanctioned Russian companies is November 21, 2025.
-
Russia's MOEX index hit its lowest since December 2024, falling over 3% amid new US and EU sanctions targeting key energy firms. Oil prices surged, and Russian oil giants Rosneft and Lukoil saw significant declines, reflecting heightened geopolitical tensions and economic uncertainty.
-
The US has announced sanctions against Russia’s largest oil companies, Rosneft and Lukoil, marking the first such move since President Trump’s return to office. The measures target their customers in India and China, amid ongoing efforts to curb Russia’s energy exports and pressure Moscow to cease its Ukraine conflict.
-
As of early November 2025, Ukrainian forces continue to defend the eastern city of Pokrovsk against a prolonged Russian offensive. Russia employs pincer movements aiming to encircle the city, but Ukraine denies full encirclement and reports ongoing counterattacks, including special forces operations. Meanwhile, Russia intensifies missile and drone strikes targeting Ukraine's energy infrastructure, worsening civilian hardships ahead of winter.
-
European Union leaders are preparing to expand sanctions on Russia, targeting Moscow's assets to fund Ukraine's war effort. Meanwhile, global markets react to geopolitical tensions, with oil prices rising and stock indices fluctuating. The moves aim to pressure Russia into negotiations, amid ongoing economic and political developments.
-
OPEC+ has agreed to increase December oil output by 137,000 barrels per day, pausing planned hikes for early 2026 due to sanctions on Russia and market concerns. The move aims to balance supply and prices amid geopolitical tensions and market uncertainty.
-
Serbia's government has given Russian-owned NIS 50 days to sell its stake or face nationalization, as US sanctions threaten oil supplies. Bulgaria's largest refinery also faces shutdown risks due to sanctions on Russian companies, prompting government intervention and negotiations with potential buyers. The situation highlights regional energy security concerns.
-
Hungary's Prime Minister Orbán announced plans to challenge EU sanctions on Russian energy, claiming they violate European law. He secured a one-year US exemption and a financial shield from the US, amid strained relations with the EU and economic challenges. The story highlights geopolitical tensions and energy dependencies.
-
Finnish officials are divided over engaging directly with Russia's Putin amid ongoing tensions. Niinistö suggests Europe should hold talks itself, while others emphasize the need for EU coordination and caution due to the Ukraine war. The Kremlin remains open to respectful ties with Finland.
-
Hungary's Prime Minister Viktor Orbán visited Moscow to discuss energy security amid ongoing reliance on Russian oil and gas. The trip follows Hungary's exemption from US sanctions and highlights its opposition to EU efforts to reduce dependence on Russia. Orbán also expressed hope for Budapest to host Ukraine peace talks.