Major oil-producing countries led by Saudi Arabia and Russia agree to maintain their current output levels at a meeting, ahead of fresh sanctions against Moscow coming into force, sources say.
Russia rejects the price cap on its oil agreed by the EU, G7 and Australia, which Ukraine says will contribute to the destruction of Russia's economy, as fighting enters its 283rd day.
German Chancellor Olaf Scholz's office said he made clear to Putin “that there must be a diplomatic solution as quickly as possible, which includes a withdrawal of Russian troops”, as the conflict enters its 282nd day.
Western leaders want to bleed Moscow financially but China and India haven't indicated if they plan to abandon the purchase of Russian oil.
A report released by an environmental and human rights organisation reveals that 96 percent of the oil and gas industry is expanding despite “Net-Zero” climate pledges.
“It is unlikely in the lines of the trajectory that it [missile] was fired from Russia, but we’ll see," says US President Joe Biden in Bali, while pledging full support to Warsaw's investigation into the incident that left two of its citizens dead.
Russian oil "is going to be selling at bargain prices and we're happy to have India get that bargain or Africa or China" as long as New Delhi doesn't use Western insurance, finance, or maritime services, says US Treasury Secretary Janet Yellen.
The group says Russia is trying to "terrorise the civilian population" of Ukraine with attacks against people and infrastructure, in particular energy and water facilities.
During the two-day meeting, the G7 foreign ministers will join sessions on Ukraine, China and the Indo-Pacific as well as Iran and Africa, among others.
Russia intensifies its attacks on several cities in Ukraine, killing many after the Kerch bridge explosion as the conflict gets heavier on the 230th day.
In a video conference, G7 leaders condemn recent Russian missile strikes on Ukraine, noting that attacks on civilian populations constituted a war crime.
UN inspectors visit a Russian-occupied power plant to "prevent a nuclear accident" there as the Kremlin criticises a EU move making it difficult for Russians to enter the bloc on the 190th day of the conflict.
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