A former dentist claiming to be the head of a now non-existent country will serve prison time for extremism A Moscow court on Wednesday sentenced a self-proclaimed acting president of the USSR to eight years in a penal colony for creating an extremist organization. A former dentist, the convict has called for disobeying Russian laws…

India is trying to get deeper discounts on Russian oil to compensate for increased trade risks when dealing with Moscow amid Western sanctions, Bloomberg reported on Wednesday, citing people with knowledge of the matter.

The European Union is seeking to go beyond an import ban on Russian crude as part of its new sanctions package, Bloomberg reported on Wednesday. It said that Brussels plans to target insurers to undermine Moscow’s ability to ship oil anywhere in the world.