Russia to reduce oil discounts – RBK

The price of Urals crude is planned to be fixed at $15 per-barrel below Brent next year The Russian government plans to continue reducing the discount of Russia’s flagship Urals blend of crude oil to the Brent benchmark, RBK business daily reported on Monday, citing a draft of the federal budget for 2024-26.

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EU has given Ukrainian military €27 billion – Borrell

Member states are racing to meet their pledge to supply 1 million artillery shells to Kiev by next year The EU has authorized at least €27 billion in direct military assistance to Ukraine since last year, the bloc’s foreign policy chief, Josep Borrell, said, touting the aid as the “highest figure ever reached.”

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EU sanctions have ‘backfired’ – Orban

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