Russia has largely evaded attempts by the U.S. and Europe to keep it from profiting from its energy exports. By Alan Rappeport Alan Rappeport covers the Treasury Department and has written about the ...

The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A ...

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in Ukraine. ...

WASHINGTON, Dec 6 (Reuters) - When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to ...

The European Union is delaying the next round of sanctions on Russia while waiting for the outcome of peace talks and potential US cooperation. Key aspects of the proposed sanctions package include ...