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.

The European Union and Britain are ramping up pressure on Russia over its war on Ukraine. The EU has introduced new sanctions to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.

On 18 July 2025, the EU adopted its 18th sanctions package against Russia. This blog post summarises the changes.

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.

Momentum has been building behind a bipartisan bill to impose sanctions on countries that purchase Russian oil, as Republicans work behind the scenes to win President Trump’s support.

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.

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.

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