Oil prices rise amid G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 27 (Reuters) – Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian … Read more

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil , a senior US official said on Monday. The announcement … Read more

Russia slips into default zone as payment deadline expires

The clock on Spasskaya tower showing the time at noon, is pictured next to Moscow?s Kremlin, and St. Basil?s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Grace period runs out on $100 mln interest payment due May 27 Some Taiwanese bondholders did not received payment on Monday … Read more

Russian forces turn sights on Lysychansk in battle for eastern Ukraine

Russian missiles strike Kyiv for first time in weeks Biden condemns attack as act of “barbarism” G7 countries meet in Germany KYIV/POKROVSK, Ukraine, June 27 (Reuters) – Russian forces were fighting on Monday to achieve one of their strategic objectives in Ukraine as Moscow-backed separatists said they were pushing into Lysychansk, the last major city … Read more

Russia’s Putin to make first foreign trips since launching Ukraine war

Russian President Vladimir Putin attends a BRICS+ meeting during the BRICS summit via a video link in the Moscow region, Russia June 24, 2022. Sputnik/Mikhail Metzel/Kremlin via REUTERS Register now for FREE unlimited access to Reuters.com Register LONDON, June 26 (Reuters) – Vladimir Putin will visit two small former Soviet states in central Asia this … Read more

U.S. aims to raise $200 billion as part of G7 rival to China’s Belt & Road

US President Joe Biden attends a working lunch with other G7 leaders to discuss shaping the global economy at the Yoga Pavilion, Schloss Elmau in Kuren, Germany, June 26, 2022. Kenny Holston/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 26 (Reuters) – The United States aims to raise $200 … Read more

Ukraine suffers major setback after fall of Sievierodonetsk

KYIV/POKROVSK, June 26 (Reuters) – Ukraine special forces remained in Sievierodonetsk directing artillery fire against Russian-backed troops, said an adviser to Ukraine’s president, after the city fell in a major setback for Kyiv as it struggles to keep control of the country’s east. Ukrainian shelling on Saturday forced Russian troops to suspend the evacuation of … Read more

Russian missiles strike across Ukraine, says Kyiv

Ukraine says Russia launches widespread shelling Shelling hit chemical plant where civilians trapped Ukraine forces withdraw from Sievierodonetsk Dozens of missiles hit Ukrainian military bases KYIV, June 25 (Reuters) – Russian missiles rained down across Ukraine on Saturday, hitting military facilities in the west and the north as well as a southern city as the … Read more

Prince Charles expresses sorrow over slavery in Commonwealth speech

Commonwealth leaders gather for Kigali summit Charles alludes to colonialism, slavery in speech Rwanda’s Kagame speaks of “reimagining” Commonwealth Members vote to keep Patricia Scotland as sec-gen KIGALI, June 24 (Reuters) – Britain’s Prince Charles expressed deep sorrow over slavery in a speech to Commonwealth leaders in Rwanda on Friday and acknowledged that the roots … Read more

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in the euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian … Read more