refineries

Rome and Prague ask for temporary suspension of the EU's Emissions Trading System and other measures to protect European industry and refineries

The issue is not simply who pays the highest price. It is what happens to these assets after they leave Russian ownership

The affected storage tank belongs to Gunvor, the energy trading company that sought to buy sanctioned Lukoil assets but was blocked by the U.S. Treasury

Putin ally Sergei Sobyanin dismissed proposals to redirect the entire economy towards military production as economically illiterate

The move comes after the EU included the Kulevi refinery in its 21st package of sanctions against Russia

Negotiations are reportedly ongoing with multiple interested parties, including Carlyle, Exxon Mobil and Chevron

According to industry sources, the country exported nearly 5 million metric tons of ​gasoline last year, or about 117,000 barrels per day

The government in Sofia considers sanctions against Patriarch Kirill to be largely symbolic and potentially counterproductive

Ukraine has also achieved significant successes in a parallel campaign deep inside Russia, systematically targeting Moscow’s oil export infrastructure

The prospective buyer remains under wraps, with the Serbian side emphasizing the sensitivity of ongoing negotiations

Energy Minister Dubravka Đedović Handanović declared the energy sector "almost impossible" to manage under the U.S. sanctions, offering her resignation

The move marks a rare Russian concession amid Western pressure on Moscow’s European energy footholds