Sanctions Targeting Energy

The United States and Europe have already imposed a raft of measures targeting Russia's oil exports, the lifeblood of its economy and its war machine, including export controls, a U.S. ban on Russian energy imports, a partial EU ban on energy imports.

The United Nations Security Council is likely to vote next week on a resolution to endorse the Iran nuclear deal and terminate targeted sanctions, but retain an arms embargo and ballistic missile technology ban, diplomats said.

Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, US and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.

President Barack Obama imposed the biggest package of US economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.

OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said on Thursday, and is pumping much more than its official target even as exports from cartel-member Iran dwindle. Oil surged in March to $128 a barrel, the highest since 2008, as increased concern over the loss of Iranian oil ...

The United States and Europe have already imposed a raft of measures targeting Russia's oil exports, the lifeblood of its economy and its war machine, including export controls, a U.S. ban on Russian energy imports, a partial EU ban on energy imports.

The United Nations Security Council is likely to vote next week on a resolution to endorse the Iran nuclear deal and terminate targeted sanctions, but retain an arms embargo and ballistic missile technology ban, diplomats said.

Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, US and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.

President Barack Obama imposed the biggest package of US economic sanctions yet on Russia on Wednesday, hitting Russia's largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.

OPEC is working hard to bring down oil prices that jumped towards $130 a barrel earlier this year, its secretary general said on Thursday, and is pumping much more than its official target even as exports from cartel-member Iran dwindle. Oil surged in March to $128 a barrel, the highest since 2008, as increased concern over the loss of Iranian oil ...