kremlin

G7 countries agreed on Friday to impose a price cap on Russian oil to try to limit Moscow's ability to fund its invasion of Ukraine. The officials, including U.S. Treasury Secretary Janet Yellen, say the measure will limit the price that…

State-owned GAIL India and Russia's Gazprom are negotiating over the import of gas to India as the evolving payment mechanism between the two countries facilitate easier trade, said people familiar with the matter. While talks are in the…

LONDON: Wheat prices rose sharply on Monday as a missile strike on the Ukrainian port of Odesaover the weekend raised doubts about whether it will be possible to implement last week's agreement to open a corridor for grain exports from…

The Kremlin said on Wednesday it was expecting progress over a possible European Union deal to allow Russia to transit some sanctioned goods to its Kaliningrad exclave via the EU, but the problem had not been resolved. Lithuania blocked…

Russia is poised to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in…

After months of teetering on the edge of default, Russia is now just hours away from a dramatic moment in the financial battle that the US and others have waged against the Kremlin over its invasion of Ukraine. A grace period on about…