In its next sanctions package, the European Union is planning a mechanism to dynamically adjust the price cap on Russian oil in response to market fluctuations, Bloomberg reported on July 11.

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 ...

EU member states have once again failed to reach an agreement on the 18th sanctions package against Russia at the meeting of the EU Committee of Permanent Representatives (COREPER) on 11 July, as its ...

A secretive oil trader that supplies Russian crude to Central Europe is linked to Kremlin insiders and allies of Hungarian ...

From the supply of gas and nuclear fuel to Hungary and Slovakia is also being won by German companies. After the energy ...

Romania becomes one of ten EU countries participating in European push to support trade with Ukraine. Backed by EIF, ...