Page 23 - European Union

Western nations vow to send more, better arms to bolster Ukraine's defence

Western nations promised more and more advanced arms to bolster Ukraine's defence as its troops battled a grinding Russian offensive that was closing in on capturing a key city in the east. Germany said Wednesday it will supply Ukraine with modern anti-aircraft missiles and radar systems, and the US will unveil a new weapons package later in the day that will include high-tech, medium-range rocket systems. The Kremlin spokesman told reporters Wednesday that the U.S. is pouring fuel on the fire. Western arms have been critical to Ukraine's success in stymieing Russia's much larger and better equipped military thwarting its initial efforts to take the capital and forcing Moscow to shift its focus instead to the eastern industrial Donbas region. But as the war drags on and Russia bombards towns in its inching advance in the east, Ukraine has repeatedly pleaded for more and better weapons. Ukrainian President Volodymyr Zelenskyy has occasionally criticized the West for moving too slow

EU may introduce insurance ban for ships carrying Russian oil: Ukraine

This ban is one of the most serious financial instruments of the EU's influence that the bloc has at its disposal to harm the Russian economy, Andriy Yermak, Head of Office of the Ukraine Prez said

Oil prices firm up as EU agrees to Russian energy ban, China ends lockdown

Brent crude was up $1.71, or 1.5%, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5%, to $116.34.

High energy prices, Asian markets could blunt EU ban on Russian oil

EU's decision to ban Russia oil over Ukraine invasion is a blow to Moscow's economy but its effects may be blunted by rising energy prices and other nations willing to buy petroleum, experts say

Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai

Brent tops $124 as European Union to ban 90% of Russia oil by year-end

Ban likely to cost moscow billions of dollars every year

Oil prices' bull run continues as EU agrees to ban Russian oil supply

LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of peak U.S. and European summer driving season.

India's textiles exports highest-ever in FY22 at $44.4 bn, says govt

The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively.

Russia-Ukraine war: EU leaders back push to ban most Russia oil purchase

The sanctions would forbid the purchase of crude oil and petroleum products from Russia delivered to member states by sea but include a temporary exemption for pipeline crude

Oil prices rise after EU agrees to ban most Russian crude imports

Oil prices rose after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a tighter market already strained for supply amid rising demand

EU leaders agree on partial embargo on Russian oil amid Ukraine war

European Union leaders reached a compromise to impose a partial oil embargo on Russia at a summit focused on helping Ukraine

EU leaders meet as Hungary sticks to its guns on Russian oil ban

European Union (EU) leaders gathered in Brussels for a special meeting that is likely to be overshadowed by disagreement on phasing out imports of Russian oil, which Hungary is blocking

EU fails to agree on Russian oil ban as leaders gather for summit

The leaders of the 27 European Union countries will agree in principle to an oil embargo, a draft of their summit conclusions showed

EU wrestles with Russia oil embargo as leaders gather for Ukraine aid

EU leaders will gather in a new show of solidarity with Ukraine but divisions over whether to target Russian oil in a new series of sanctions are exposing the limits of how far the bloc can go

Oil prices climb above $120/barrel ahead of EU meeting on Russia sanctions

The Brent crude futures contract for July, which will expire on Tuesday, was up 59 cents, or 0.5%, at $120.02 a barrel at 1100 GMT.

How the Ukraine conflict is reshaping global oil markets: An analysis

Sanctions imposed on Moscow after the conflict in Ukraine kicked off in February, including a U.S. ban on its oil imports, have prompted Russia to pivot away from Europe

EU to pledge support for Ukraine, but not ready with new Russia sanctions

Over two days, leaders of the 27-nation bloc are to discuss how best to aid Ukraine four months into Russia's invasion and how to deal with the conflict's impacts

Oil climbs to two-month high ahead of EU meeting on Russia sanctions

Brent crude futures gained 46 cents, or 0.4%, to $119.89 a barrel at 0111 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped 60 cents, or 0.5%, to $115.67 a barrel

Ukraine, Russia battle in the east as Zelenskyy visits front in Kharkiv

Capturing Sievierodonetsk is a principal task for the occupation force, Zelensky said, adding that the Russians don't care about casualties

Russia-Ukraine war: Moscow takes small cities, aims to widen eastern battle

The Russian Defense Ministry said Lyman, the second small city to fall this week, had been completely liberated by a joint force of Russian soldiers and Kremlin-backed separatists