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Ukraine war: EU, G7 agree to cap price on Russian oil at $60/barrel | Oneindia News *International

Video Credit: Oneindia - Duration: 03:03s - Published
Ukraine war: EU, G7 agree to cap price on Russian oil at $60/barrel | Oneindia News *International

Ukraine war: EU, G7 agree to cap price on Russian oil at $60/barrel | Oneindia News *International

The European Union, Group of Seven(G7) Nations and Australia have agreed to put a price cap of $60 per barrel on Russian seaborne crude oil as part of an international campaign to curb Russia’s ability to finance its war against Ukraine through energy sales.

Let us see what impact would this price cap have on the market.

#EU #G7 #RussianOil


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European Union European Union Political and economic union of 27 European states

EU ban on Russian oil imports comes into force, as West steps up measures against Moscow [Video]

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The EU and G7 countries have also expanded the existing price cap on Russian crude oil to include all refined products.

Credit: euronews (in English)    Duration: 02:37Published
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Ukraine's president vows to fight 'for as long as we can' for strategic city Bakhmut [Video]

Ukraine's president vows to fight 'for as long as we can' for strategic city Bakhmut

While hosting European Union chiefs in Kyiv, Ukrainian President Volodmyr Zelenskyy has vowed to defend the city of Bakhmut "for as long as we can".

Credit: euronews (in English)    Duration: 01:00Published
Brussels, my love? The EU’s migration muddle and tanks for Ukraine [Video]

Brussels, my love? The EU’s migration muddle and tanks for Ukraine

Tune in to understand the ins and outs of European politics.

Credit: euronews (in English)    Duration: 32:36Published
EU-Ukraine: Five takeways from Zelenskyy's historic summit with EU leaders in Kyiv [Video]

EU-Ukraine: Five takeways from Zelenskyy's historic summit with EU leaders in Kyiv

President Zelenskyy and EU leaders discussed Kyiv's candidacy to join the bloc and Russian sanctions at the unprecedented wartime gathering in the Ukrainian capital.

Credit: euronews (in English)    Duration: 01:18Published

G7 G7 International intergovernmental economic organization

EU Promises to Double Military Aid for Ukraine [Video]

EU Promises to Double Military Aid for Ukraine

EU Promises to , Double Military Aid , for Ukraine. 'The Guardian' reports that the European Union has promised to double its military aid program for Ukraine. . According to European Commission President Ursula von der Leyen, the EU will train an additional 15,000 soldiers as part of its effort to show ongoing support for Ukraine. According to European Commission President Ursula von der Leyen, the EU will train an additional 15,000 soldiers as part of its effort to show ongoing support for Ukraine. Von der Leyen also announced that the EU will put in place a tenth package of sanctions against Russia by the anniversary of Russia's invasion of Ukraine, February 24. Von der Leyen also announced that the EU will put in place a tenth package of sanctions against Russia by the anniversary of Russia's invasion of Ukraine, February 24. We are making Putin pay for his atrocious war, Ursula von der Leyen, European Commission president, via 'The Guardian'. We are making Putin pay for his atrocious war, Ursula von der Leyen, European Commission president, via 'The Guardian'. Today Russia is paying a heavy price as our sanctions are eroding its economy, throwing it back by a generation, Ursula von der Leyen, European Commission president, via 'The Guardian'. Ukrainian President Volodymyr Zelenskyy stressed the need for a joint effort to curb Russia's circumvention of sanctions. The more we do it, the closer we will be to defeat of Russian aggression, Volodymyr Zelenskyy , President of Ukraine, via 'The Guardian'. 'The Guardian' reports that Von der Leyen also reiterated the EU's intention to , "keep on turning up the pressure.". The EU plans to cap the price of Russian petroleum products as part of a G7 plan to restrict the Kremlin's oil revenues. . 'The Guardian' reports that the EU's 27 member states have yet to agree on the latest proposed oil cap. . 'The Guardian' reports that the EU's 27 member states have yet to agree on the latest proposed oil cap.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Putin told Turkish prez he is open to dialogue with Ukraine on one condition | Oneindia News*News [Video]

Putin told Turkish prez he is open to dialogue with Ukraine on one condition | Oneindia News*News

Putin told Recep Tayyip Erdogan that he was open to dialogue with Ukraine if Kyiv accepts territories occupied by Moscow as Russian; Funeral of ex-Pope Benedict XVI held, coffin taken to be buried; UK’s Prince Harry alleges brother William attacked him: Report; Russia sends more Arctic oil to China and India after sanctions by EU and G7 nations. #VladimirPutin #RussiaUkraineWar #PopeBenedictXVI

Credit: Oneindia    Duration: 02:10Published
Russia sends more Arctic oil to China and India after sanctions by EU and G7 nations | Oneindia News [Video]

Russia sends more Arctic oil to China and India after sanctions by EU and G7 nations | Oneindia News

Trade sources and data revealed that Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts. This comes after Europe put heavy sanctions on Russian supplies last month. As per reports, Arctic grades Arco, Arco/Novy Port and Varandey do not usually come to the East. But reportedly they are now doing supplying further afield after the European Union, G7 nations and Australia introduced a price cap on Russian oil in December, on top of an EU embargo on Russian crude by sea. #RussianOil #Sanctions #EU

Credit: Oneindia    Duration: 01:42Published
Western Sanctions Are Paying Off As Russian Oil Revenues Fall [Video]

Western Sanctions Are Paying Off As Russian Oil Revenues Fall

Western Sanctions Are, Paying Off As Russian Oil , Revenues Fall. According to the International Energy Agency, Russian oil revenues fell in November despite a boost in production to just below levels prior to the Ukraine invasion. 'The Guardian' reports that the falling revenue is a sign that Western sanctions and other efforts to cut off Russia's income have been successful. . 'The Guardian' reports that the falling revenue is a sign that Western sanctions and other efforts to cut off Russia's income have been successful. . In November, the IEA estimated that Russia earned just $15.8 billion from oil sales. . That is the second-lowest monthly earnings Russia has reported this year after bringing in just $14.7 billion in September. The dipping revenue report comes despite Russia increasing its export of crude oil to 8.1 million barrels per day, its highest level since April. In December, the EU and G7 introduced a $60-a-barrel price cap on Russian oil. On December 14, the price of non-Russian oil had climbed to about $81 a barrel. President Vladimir Putin has said the cap will not have a significant impact on Russia’s economy but could harm the international energy market. President Vladimir Putin has said the cap will not have a significant impact on Russia’s economy but could harm the international energy market. Putin has also warned that the cap may force Russia to cut production. While lower oil prices come as a welcome relief to consumers faced by surging inflation, the full impact of embargoes on Russian crude and product supplies remains to be seen, International Energy Agency, via 'Newsweek'. While lower oil prices come as a welcome relief to consumers faced by surging inflation, the full impact of embargoes on Russian crude and product supplies remains to be seen, International Energy Agency, via 'Newsweek'

Credit: Wibbitz Top Stories    Duration: 01:31Published

Ukraine Ukraine Country in Eastern Europe

U.N. Warns Russia's War on Ukraine Could Lead to World War [Video]

U.N. Warns Russia's War on Ukraine Could Lead to World War

U.N. Warns , Russia's War on Ukraine , Could Lead to World War. On February 6, United Nations Secretary General Antonio Guterres warned that the Russian-Ukraine war has the potential to become a broader world conflict. On February 6, United Nations Secretary General Antonio Guterres warned that the Russian-Ukraine war has the potential to become a broader world conflict. 'Newsweek' reports that Guterres issued the warning while addressing U.N. member nations about the state of the world in 2023. Guterres reportedly referenced the "Doomsday Clock," which represents humanity's threat of facing global catastrophe by the amount of time to midnight. This year, the clock now sits at 90 seconds to midnight, ten seconds closer than it was in January of 2020, and the closest it has been since its creation in 1947. This year, the clock now sits at 90 seconds to midnight, ten seconds closer than it was in January of 2020, and the closest it has been since its creation in 1947. The Science and Security Board of the Bulletin of the Atomic Scientists, which annually sets the clock, cited Russia's invasion of Ukraine, climate change and persistent nuclear threats. . The Science and Security Board of the Bulletin of the Atomic Scientists, which annually sets the clock, cited Russia's invasion of Ukraine, climate change and persistent nuclear threats. . 'Newsweek' reports that Guterres addressed his fears of escalation in the Russian war on Ukraine, warning that it has the potential to draw the world into a broader conflict. The Russian invasion of Ukraine is inflicting end-all suffering on the Ukrainian people with profound global implications. , Antonio Guterres, United Nations Secretary General, via 'Newsweek'. The prospects for peace keep diminishing. The chances of further escalation and bloodshed keep growing. , Antonio Guterres, United Nations Secretary General, via 'Newsweek'. I fear the world is not sleepwalking into a wider war. , Antonio Guterres, United Nations Secretary General, via 'Newsweek'. I fear it's doing so with its eyes wide open, Antonio Guterres, United Nations Secretary General, via 'Newsweek'

Credit: Wibbitz Top Stories    Duration: 01:31Published
Fighting intensifies in eastern Ukraine as Russia piles pressure on Bakhmut [Video]

Fighting intensifies in eastern Ukraine as Russia piles pressure on Bakhmut

Military analysts say the Kremlin’s forces may be probing Ukrainian defences for weak points or could be making a feint while preparing for a main thrust through southern Ukraine.

Credit: euronews (in English)    Duration: 01:16Published
Turkey earthquake: Another quake of magnitude 6.0 hits central Turkiye; 3rd in a day |Oneindia News [Video]

Turkey earthquake: Another quake of magnitude 6.0 hits central Turkiye; 3rd in a day |Oneindia News

After two powerful earthquakes in less than 24 hours, another quake of magnitude 6.0 struck central Turkey on Monday; Russia 'recruiting female prisoners' to contribute to Ukraine war, suggests report; Beijing confirms balloon flying over Latin America is Chinese; US-China relations sour; Taiwan’s opposition party KMT's senior leader Andrew Hsia to meet China's Song Tao; Vladimir Putin promises not to end Volodymur Zelenksy, claims former Israeli PM Naftali Bennett. #Turkiye #ThirdEarthquake #TurkiyeEarthquake

Credit: Oneindia    Duration: 03:31Published
Putin promised not to end Zelenksy claims former Israeli PM Naftali Bennett | Oneindia News [Video]

Putin promised not to end Zelenksy claims former Israeli PM Naftali Bennett | Oneindia News

Former Israeli PM Naftatli Bennett in a recent interview has said that Russian President Vladimir Putin promised him that he will not Kill Ukrainian President Volodimir Zelenksy. #Zelenksy #Putin #UkraineRussiaWar

Credit: Oneindia    Duration: 01:39Published
Ukrainian troops plead for more tanks and munitions in battle for Bakhmut [Video]

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Credit: FRANCE 24 English    Duration: 02:19Published

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