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EU foreign ministers failed to agree on Monday on sanctioning Russian gas and oil supplies, which account for 40% and 27% of the bloc's total use of those commodities respectively.
The Spanish company has stopped buying Russian crude oil in the spot market. SHELL. The world's largest petroleum trader has stopped buying Russian crude and on April 27 said it would no longer ...
Lukoil is the second largest company in Russia after Gazprom, and the country's largest non-state enterprise in terms of revenue, with ₽ 4,744 billion in 2018. [ 5 ][ 6 ] In the 2020 Forbes Global 2000, Lukoil was ranked as the 99th-largest public company in the world. Internationally, it is one of the largest global producers of crude oil.
Canada: restrict new Russian business [2] 2022: BooHoo Group: Online retail United Kingdom: halt all shipments to Russia [2] 2022: Booking.com: Travel Netherlands: operations in Russia [28] 2022: BCG: Management consulting United States: suspend all consulting in Russia [2] 2022: BP: Oil and gas United Kingdom: Stake in Russian oil giant ...
Russia charged an export duty on oil products, in May 2023 Light Oil products was $4.2 per tonne (compared to $12.9 in December 2022), Naphtha duty was $7.9 and gasoline $4.3 per tonne. [19] From 1 January 2024 the export duty fell to zero as Russia changed the taxation system to add oil to the Mineral Extraction Tax regime.
The Russian Foreign Ministry announced on January 19, 2023, that 31 officials, journalists and public figures from New Zealand have been indefinitely barred from entering Russia. [165] The Russian Foreign Ministry announced on June 21, 2023, that 48 officials, journalists and defense industry contractors from Australia have been indefinitely ...
The Russian economy is heavily funded by oil and gas taxes. In 2021 Russia's revenue from all sources was $343 billion with oil and gas providing $127 billion. In 2022 revenue from all sources was $358 billion with oil and gas providing $166 billion or 46% of the budget. [9] Oil revenue is a major sanction target.
The International Criminal Court (ICC) is an international court located in The Hague, Netherlands, created in 1998 by the Rome Statute.Both Russia and Ukraine signed the Statute, but neither ratified it and Russia withdrew its signature from the Statute in 2016 following a report that classified Russia's annexation of Crimea as an occupation; however, Ukraine accepted the Court's jurisdiction ...