The Business Times

Russia

International

Zelensky welcomes ‘principles’ of new US draft to end war

US President Donald Trump (left), who initially promised to end the war in "24 hours", has gone from admiring Russian President Putin and calling Ukraine President Volodymyr Zelensky a "dictator", to slapping Moscow with major sanctions and hinting at Ukraine taking its land back.
International

Zelensky thanks Trump as US leader blasts at Kyiv amid talks

US President Donald Trump criticised European countries that he said continued to buy oil from Russia and called Biden “crooked Joe” for giving Ukraine weapons “free, free, free.”
International

Trump blasts Ukraine for ‘zero gratitude’ to US as talks start

The Juaymah tank farm at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. Photographer: Simon Dawson/Bloomberg
Energy & Commodities

Consumers feel pinch at pump as Russia drives oil refining boom

The Kremlin has highlighted the significance of Mishustin’s (L) visit at a time when Russia is under major Western sanctions over its war in Ukraine and looking to stem a recent slowdown in trade with China.
International

China’s Xi seeks to boost investment, expand economic ties with Russia

Russian President Vladimir Putin derided the sanctions as an unfriendly act, saying they would not significantly affect the Russian economy and talked up Russia’s importance to the global oil market.
International

Putin defiant after Trump sanctions Russian oil majors over Ukraine

The US Treasury Department said Russia’s two largest oil companies, Rosneft and Lukoil, were targeted in a bid to damage Moscow’s ability to fund its war machine.
International

US sanctions Russian oil companies as Moscow holds nuclear drills

US President Donald Trump’s reversal came just days after he announced that he would meet Putin in the Hungarian capital within two weeks, following what he called a productive phone call to end Russia’s war.
International

Trump says doesn’t want ‘wasted’ meeting with Putin

Indian sources said the cut was not visible yet, though it could be reflected in import numbers for December or January.
International

India already cutting Russian oil imports by 50% after US talks, White House official says

In his latest abrupt pivot on Russia’s 2022 invasion, US President Donald Trump said he expected to meet Russian President Vladimir Putin in Budapest within the next two weeks for what would be their second summit since the American’s return to power.
International

Trump says to meet Putin in Budapest after ‘great’ call

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