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UNBELIEVABLE: 5 | History Defined

Russia seeking oil payments from India in dirhams

Moscow replaced Saudi Arabia as the second biggest oil supplier to India after Iraq for the second month in a row in June

The Hindu

Ukraine seizes $71 million of assets owned by Russian state companies

Ukraine has seized assets worth over 2.1 billion hryvnias ($71 million) owned by Russian state oil company Rosneft, gas firm Gazprom and nuclear energy corporation Rosatom, Ukraine's state security service said on Friday.

Reuters

Mystery Russian superyacht sets sail for the US after Fiji court ruling

Russian oil boss linked to ‘Putin’s yacht’ at centre of US court case

The Guardian - UK

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India in talks to increase Russian oil imports from Rosneft

NEW DELHI: India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily discounted supplies from Rosneft PJSC as international players turn down dealings with Moscow over its invasion of Ukraine.

The Times of India

EU imposes sanctions on Russian oil boss linked to seized superyachts

Eduard Khudainatov is blacklisted for ‘benefiting from the government of the Russian Federation’

The Guardian - UK

Russian ties shred German ex-leader Schroeder's standing

Gerhard Schroeder left the German chancellery after a narrow election defeat in 2005 with an ambitious overhaul of the country’s welfare state beginning to kick in and every chance of a future as a respected elder statesman

The Independent UK

Russia bans 963 Americans from country - as it happened

Joe Biden among those banned after signing $40bn aid package for Ukraine; Finnish president says he held ‘open and direct’ talks with his Turkish counterpart. This blog is now closed

The Guardian - AU

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Germany's Schroeder to quit Rosneft board as backlash mounts

Russian state energy company Rosneft says former German Chancellor Gerhard Schroeder plans to leave its board of directors as a backlash over his ties with Russia and its energy sector mounts

The Independent UK

Gerhard Schröder to be stripped of privileges for not cutting ties with Russia

Former German chancellor, who holds positions at Rosneft and Nord Stream, will lose staff and office

The Guardian - UK

German ex-chancellor Schroeder under EU pressure to quit Rosneft

The European Parliament is set to urge the blacklisting of former German Chancellor Gerhard Schroeder if he does not quit as a board member of Russian state-owned oil company Rosneft.

Reuters

Before a Fiji court: Can the U.S. seize a Russian yacht in the South Pacific?

The case of a yacht detained in the South Pacific island nation is raising questions about how far U.S. jurisdiction extends.

WEKU

Morning Brief: Top Financial Stories Dominating on Wednesday, May 18

CNBC Toyota Looks To Develop Hydrogen Mobility In Europe

Benzinga

JPMorgan No More A Depositary For Russia-Based Rosneft's GDRs

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

Benzinga

‘Straw owner’ hides $1 billion worth of Russian yachts, US says

In the race to seize assets tied to sanctioned Russian billionaires, U.S. authorities are alleging that a Russian tycoon acted as the “straw owner” of two yachts worth more than $1 billion, including the $700 million Scheherazade, a superyacht linked to Russian President Vladimir Putin.

Tribune News Service

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The Independent UK

Russian minister imprisoned for oil-related bribery released

The highest-ranking Russian official to go to prison in nearly two decades has been released after serving more than half of an eight-year sentence for bribery

The Guardian - UK

Windfall tax wouldn’t stop BP’s £18bn parade of projects

Neither would it make the energy crisis go away, but after a while it becomes hard to resist

Benzinga

BP Shares Move Higher On Bumper Q1 Profits Of $6.2B, Announces $2.5B Share Buyback

BP plc’s (NYSE:BP) profits more than doubled to $6.2 billion in Q1, helped by soaring oil and gas prices, despite posting a massive loss after offloading its nearly 20% stake in a Russian-controlled oil company Rosneft (OTC: RNFTF). The company reported Q1 adjusted EPS of $1.92, more than double from $0.78 posted a year ago…

The National (Scotland)

BP profits skyrocket amid demands for windfall tax to tackle cost of living

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls grow for a…

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Evening Standard

BP promises to ‘back Britain’ with £18 billion as profits hit highest since 2008

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

The Guardian - UK

UK factories raise prices at record pace; windfall tax calls grows as BP earnings swell – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BP profits double to $6.2bn, fuelling calls for energy windfall tax

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

Evening Standard

BP’s £5bn profit triggers fresh calls for energy windfall tax

BP posted its best quarterly earnings in more than a decade as the government comes under pressure to do more to ease the cost of living crisis

The Guardian - UK

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

The Independent UK

Russian ex-minister jailed for bribery granted parole

Russia’s former economic development minister sentenced for eight years on bribery charges has been granted parole

The Hindu

Govt asks state-run petroleum firms to consider buying Russian oil assets

The call on companies to explore buying the stake in Rosneft came after BP CEO Bernard Looney met Petroleum Minister Hardeep Singh Puri in March

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