Russia increases its emergency spending fund by $3.5 billion Posted on April 10, 2022 by cngpump The sanctions, imposed after Russia invaded Ukraine on Feb. 24 in what Moscow describes as a “special military operation”, cut Russia off from the global financial system and supply channels. Related posts: Oil price falls 5 per cent, cools down from Russian oil shock rally EU to phase out Russian energy, offer Ukraine support but no fast-track membership Petrol prices up by only 5% as against 50% in developed nations: Oil minister in LS Putin says western sanctions will disrupt food, energy markets European Union divided on relying on Russia for energy supply Indian Oil buys 3 million barrels of Urals for May loading – trade sources EXPLAINER-What would happen if Europe sanctions Russian oil? Russia seeks Indian investment in its sanction-hit oil and gas sector Crude oil shoots higher on US Russian oil ban, Asian shares stabilise Crude oil price extends losses; Russia to fulfil supply contracts