Iranian Oil Looms for European Refiners as Nuclear Talks Stall

European refiners from Spain to Greece are ready to resume purchases of crude from Iran as talks on a nuclear deal that could allow the country’s return to oil markets remained deadlocked.

Russia Signs Agreement To Get $10B Investment From Saudi Arabia Amid Western Sanctions

Saudi Arabia signed a commitment to invest up to $10 billion in Russia within four to five years, Kirill Dmitriev, head of Russian Direct Investment Fund (RDIF), told Sputnik News, a state-run news agency, on Monday.

EU Banks Seen Bowing to U.S. on Russia Bans as Fines Rise

European banks, contending with escalating U.S. fines for sanctions violations, will likely bow to fresh bans imposed by the U.S. on financing Russian companies as the risks of dealing with the nation mount.

US, Europeans to Slap New Sanctions on Russia

SEOUL - President Obama and four European leaders agreed on a conference call Saturday to impose new sanctions on sectors of the Russian economy, the White House said.