Major indices, including the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, all recorded gains, with the Nasdaq delivering its strongest weekly performance since November.
The fire at Primorsk is a significant blow to Russia's oil export capacity. Even a brief shutdown could create significant ripple effects throughout the global energy markets, introducing increased volatility and uncertainty that could affect consumers and businesses alike.
In some countries, we're going to take those sanctions off until this straightens out. Trump told reporters, although he did not clarify which countries might benefit from this potential policy shift. At present, the United States enforces sanctions that restrict oil trade with several nations, including Iran, Venezuela, Russia, Syria, and North Korea.
In 2021, when Olga Rudenko and other journalists launched the Kyiv Independent, they were committed to making a publication that wouldn't face political pressure from an owner. A few months later, Russia launched a full-scale invasion of Ukraine, and the Independent began reporting breaking news from the front lines.
Russia has been steadily expanding its global nuclear footprint through its state-owned nuclear corporation Rosatom and its subsidiaries. Russia provides financing or technological support and exports complete nuclear-power-plant solutions from building infrastructure to supplying the core component, the Nuclear Steam Supply System, which drives power generation.
The United States is reportedly in discussions with Russia on a range of high-stakes infrastructure and trade projects, including a nuclear-powered datacenter and a tunnel under the Bering Strait, according to The Economist. Sources close to the talks indicate that associates within the orbit of former President Donald Trump are exploring potential stakes in Russian energy assets. In addition, negotiations are reportedly ongoing over rare-earth metals, oil, and gas projects in the Arctic region.
Writing on Telegram, Pushkov criticised Polish Foreign Minister Radosław Sikorski, French President Emmanuel Macron, and EU foreign policy chief Kaja Kallas, arguing that European leaders have offered "no serious answers" for why they should be involved in talks already led by the United States. Pushkov suggested that EU ambitions risk "derailing even the fragile negotiations that are already underway," framing European efforts as symbolic rather than substantive.
The European Union is considering imposing an outright maritime ban on services needed to ship Russian oil, such as insurance and transportation, as part of a new sanctions package marking four years of Russia's war.
"agreement is a long-overdue step toward dismantling one of the Kremlin's most powerful economic weapons. Every cubic meter of Russian gas kept flowing into Europe has helped finance the missiles that strike Ukrainian cities. This Regulation, if implemented without loopholes, brings Europe closer to honouring its promise to end this deadly dependency."
