World


Russia to mull countermeasures against new EU sanctions post analysis, says Dy FM

Moscow, July 18 (UNI) Amid the European Union’s approval of a new sanctions package against Russia, specifically targeting the country’s oil market, Moscow has not ruled out countermeasures to tackle the measure, after it concludes its analysis of the 18th round of European sanctions, said Deputy Foreign Minister Alexander Grushko.

Speaking to Moscow’s state-owned-media TASS, Grushko said "Certainly, we will analyse their impact on our economy. We will take measures supporting our interests in case of necessity. And some countermeasures are also possible."
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Countries tapping into oil inventories, strategic reserves at 'record pace': IEA

13 May 2026 | 10:48 PM

Paris, May 13 (UNI) Counties worldwide are now tapping into oil inventories and strategic reserves at a "record pace" due to the "unprecedented" supply disruptions caused by the ongoing Iran war, the International Energy Agency said today.

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US yet to respond to Russia's launch of its super heavy RS-28 Sarmat ICBM

13 May 2026 | 10:25 PM

Moscow, May 13 (UNI) Following Russia's latest launch of its RS-28 Sarmat intercontinental ballistic missile, Kremlin spokesperson Dmitry Peskov today said that Moscow is yet to receive any official response from the US, while outlining Moscow's position on the Ukraine peace talks and future ties with Washington.

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Pakistan Finance Minister Md Aurangzeb holds discussions with IMF team on maintaining macroeconomic stability

13 May 2026 | 9:01 PM

Islamabad, May 13 (UNI) Pakistan's Finance Minister Muhammad Aurangzeb held talks with an IMF delegation in Islamabad today, and discussed preparations for the upcoming federal budget, required economic reforms and efforts to maintain macroeconomic stability amid growing regional uncertainty.

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US Defence Secretary Pete Hegseth raises Iran war cost to $29bn; experts note war time cost could cost taxpayers $1tn

13 May 2026 | 7:20 PM

Washington, May 13 (UNI) US Defence Secretary Pete Hegseth has further raised the estimated cost of the ongoing Iran war from an initial $25 billion to over $29 billion, warning that the overall financial burden on the US may eventually force prices to rise far higher as the conflict drags on without any resolution in sight.

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Global oil reserves see massive reduction amid Strait of Hormuz disruptions; threaten future price surges – International Energy Agency

13 May 2026 | 7:01 PM

Paris, May 13 (UNI) Global oil reserves are shrinking rapidly due to the disruptions caused by the ongoing US-Israel war against Iran, as well as posing the threat of further oil price surges in the near future, the International Energy Agency (IEA) has warned.

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