The Sanctioning Russia Act would impose history’s highest tariffs and tank the global economy. Congress needs a better ...

German Chancellor Friedrich Merz this week proposed mounting sanction pressure if Russia keeps attacking Ukraine beyond a ceasefire proposed by Monday. Merz suggested seizing frozen Russia assets. But ...

Kyiv and London signed an agreement to use $3 billion profits from frozen Russian assets under the Extraordinary Revenue ...

The funds will come from windfall profits generated by frozen Russian assets. Under the agreement, the money will be ...

Top finance officials from the world’s seven wealthiest democracies set aside stark differences on U.S. tariffs and agreed to ...

Under the current terms of the price cap, which is set at $60, western operators can insure and transport oil from Russia only when it’s purchased below the price threshold. At the G7 meeting on ...

The United States and its allies have imposed broad economic penalties on Russia over its war in Ukraine. As the conflict ...

The UK urged its Group of Seven allies to agree a cut to the price cap on Russian oil, saying the move is necessary to put further pressure on President Vladimir Putin to end Russia’s war in ...

Donald Trump has said it would "be better if Russia was back in the G7" as he discussed the chances of US attending the South African summit. Oval Office/GB NEWS "But we have a G7, and it’s important ...

Another question hanging over the meetings will be whether the G7 can come to agreement on a new round of sanctions on Russia. The European Union and U.K. announced sanctions on Russian oil ...

Top finance leaders from G7 nations convened in Canada on Tuesday to address Russia's war in Ukraine the and economic instability being fuelled by US President Trump's tariffs. During the summit ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Ukraine is urging the G7 to slash the price cap on Russian ...