An oil tanker carrying Russian Urals crude has been diverted away from the EU-sanctioned Nayara Energy's Vadinar port in India to unload its cargo at the port of Mundra, according to shipping data and four industry sources on Thursday.

The European Union's sweeping sanctions against Russian oil exports have started affecting Indian entities. The EU has blacklisted Intershipping Services Hub Pvt Ltd—an Indian arm of a UAE-based maritime firm—and sanctioned Indian-origin Captain Abhinav Kamal for allegedly aiding Russian crude shipments.

BRUSSELS -- The European Union approved on Friday a new raft of sanctions against Russia over its war on Ukraine, including a lower oil price cap, a ban on transactions with Nord Stream gas pipelines, and the targeting of more shadow fleet ships, the EU foreign policy chief said.

Iran schedules diplomatic meetings with Russia, China and European nations as the deadline approaches for a new nuclear deal to avoid the reimposition of U.N. Security Council sanctions.

Britain on Monday imposed new sanctions on Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.

Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.

Russia could be turning to a new cryptocurrency called A7A5 to allow money to flow in and out of the country and avoid Western sanctions, experts have told AFP. Multiple rounds of international sanctions have been imposed on Moscow since its February 2022 invasion of Ukraine seeking to ramp up economic pressure to halt the war.

U.S. House of Representatives Speaker Mike Johnson said on Tuesday he does not think the U.S. Congress should consider sanctions on Russia until after President Donald Trump's 50-day deadline for Moscow to end the war in Ukraine.