A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
Tag: Group of Seven
Putin Skips Annual News Conference, Avoiding Possible Questions on War
The December event has offered reporters rare — albeit stage-managed — chances to pose hard questions. With the war going poorly for Russia, that could have been awkward.
Ukraine Drones Target Military Bases Deep in Russia, Showing Expanded Reach
Launching drones at air bases 300 miles from its own territory, Ukraine changed the geography of the war. It said it had developed drones with a range of over 600 miles.
EU Embargo of Russian Oil and G7’s Price Cap Take Effect
An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.
Zelensky Says Price Cap Set on Russian Oil Is Too High
Ukraine’s president criticized the $60-a-barrel limit set by the Group of 7 nations, suggesting that the architects of the plan were “trying to avoid big decisions.”
How the ‘Price Cap’ on Russian Oil Works
The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
EU Talks Over Russian Oil Price Cap Drag On
The negotiations over a policy intended to crimp a vital source of revenue for Russia’s war effort have been going on for more than a week.
NATO Supports Eventual Ukraine Membership as US Pledges Millions to Fix Power Grid
American officials said they hoped the commitment would spur allies to make similar donations, as many Ukrainians head into winter without power or water.
U.S., Allies Vow to Protect Ukraine’s Infrastructure From Russian Attacks
Top diplomats from the Group of 7 nations discussed sending more air defense equipment to Ukraine and agreed to coordinate on rebuilding its infrastructure.