India's Russian crude imports fell 16.5% in August to about 2.1 million bpd and could slip to 1.9 million bpd in September. The decline comes as a new U.S. law raises the potential cost of buying Russian energy. #Oil#India#Russia#Sanctions
Hungary is asking Washington for tariff relief while it reduces reliance on Russian energy. A new U.S. law allows tariffs of up to 100% on major buyers of Russian oil and gas that make new purchases. #Hungary#Russia#Oil#Sanctions
Russia's $118B Vostok Oil project is moving ahead despite Western sanctions, with Rosneft relying on a web of domestic contractors and successor firms as it develops a major new Arctic oil hub. #Russia#Oil#Arctic#Sanctions
Congress passed sweeping Russia and Iran sanctions legislation, with the House voting 262-159 after an 86-11 Senate vote. The bill allows tariffs of up to 100% on major buyers of Russian oil and gas. #Russia#Iran#Sanctions#Oil
The U.S. sanctioned Iran’s remaining active airlines, targeting 27 carriers as Washington moves to further isolate Tehran from global trade and finance. Treasury warned firms dealing with them risk losing U.S. financial access. #Iran#Sanctions#Aviation
