EU secures compromise on Russian oil ban; Kremlin claims it now controls a third of key Donbas city

EU secures compromise on Russian oil ban; Kremlin claims it now controls a third of key Donbas city


Russian forces claim a third of Sievierodonetsk is now under their control

Smoke rises in the city of Sievierodonetsk during heavy fighting between Ukrainian and Russian troops on May 30, 2022.

Aris Messinis | Afp | Getty Images

Russian forces claimed to have seized control of one-third of the city of Sievierodonetsk, as they continue their offensive in Ukraine’s Donbas region.

The Donbas refers to two eastern Ukrainian regions of Luhansk and Donetsk — a major strategic, political and economic target for the Kremlin.

“We can state it already that one-third of the city is under our control already,” Leonid Pasechnik, head of the Russian-backed Luhansk People’s Republic, told Russian state media agency Tass.

Pasechnik conceded that Russian forces had not been able to advance as quickly as hoped in the key eastern city, with fighting currently raging in an urban area.

— Sam Meredith

Zelenskyy says 32 media workers have been killed in the war

A journalist climbs out of a crater caused by a Russian missile strike in Ukraine. Ukrainian President Volodymyr Zelenskyy says 32 media representatives have been killed since Russia invaded Ukraine on Feb. 24.

Alex Chan/SOPA Images | Lightrocket | Getty Images

Ukrainian President Volodymyr Zelenskyy says 32 media workers have been killed since Russia invaded Ukraine on Feb. 24.

Among them is Frédéric Leclerc-Imhoff, a French journalist with the TV channel BFM TV, who suffered a fatal neck wound while riding in an armored evacuation vehicle that was shelled by Russian forces, Sky News reported.

“A little over a month ago, I gave an interview to this particular TV channel,” Zelenskyy said in his nightly address. “This was my first interview with the French media during a full-scale war.”

“My sincere condolences to Frédéric’s colleagues and family,” Zelenskyy said.

— Chelsea Ong

Oil prices rise after EU agrees to ban about 90% of Russian crude

Crude prices rose during Asia hours after EU leaders agreed to ban about 90% of Russian oil by the end of 2022.

The move would immediately affect 75% of Russian oil imports, says Charles Michel, president of the European Council.

The ban is part of the European Union’s sixth sanctions package on Russia since it invaded Ukraine.

“The European Council agrees that the sixth package of sanctions against Russia will cover crude oil, as well as petroleum products, delivered from Russia into Member States, with a temporary exception for crude oil delivered by pipeline,” according to a May 31 statement from the European Council.

That temporary exception covers the remaining Russian oil not yet banned, European Commission President Ursula Von der Leyen said in a press conference.

— Weizhen Tan

Sanctioned Russian billionaire completes the sale of the British soccer team he owned

A British soccer team owned for 19 years by a sanctioned Russian-Israeli billionaire linked to Vladimir Putin has been sold.

Boehly’s simple refusal to countenance any distractions has proved central to the Connecticut billionaire’s successful Chelsea takeover.

Nurphoto | Nurphoto | Getty Images

A consortium led by Los Angeles Dodgers co-owner Todd Boehly has purchased the Chelsea soccer team from Roman Abramovich, the billionaire who was sanctioned by the British government over his ties to Putin following Russia’s invasion of Ukraine, in a £4.25 billion ($5.38 billion) deal.

Chelsea owner Roman Abramovich looks on from the stands during the Barclays Premier League match between Chelsea and Manchester City at Stamford Bridge on April 16, 2016 in London, England.

Paul Gilham | Getty Images

Abramovich put the Chelsea team up for sale on March 2, a week after the invasion and a few days before the British government added his name to a list of sanctioned Russian oligarchs. Among other conditions, the sanctions barred the Chelsea team from signing new players or offering new contracts.

With the team now under new ownership, those restrictions will be lifted.

— John Rosevear

Read CNBC’s previous live coverage here:



Source

Supreme Court rules against Trump administration in Alien Enemies Act case
Politics

Supreme Court rules against Trump administration in Alien Enemies Act case

A person walks past the U.S. Supreme Court in Washington, D.C., U.S., April 21, 2025. Kevin Lamarque | Reuters The Supreme Court on Friday granted a request by Venezuelan nationals seeking to block their removal from the United States under the Alien Enemies Act. In a 7-2 decision, the court said the Trump administration had not […]

Read More
Alabama man sentenced to 14 months in prison for role in SEC bitcoin announcement hack
Politics

Alabama man sentenced to 14 months in prison for role in SEC bitcoin announcement hack

A judge on Friday sentenced an Alabama man to 14 months in prison for his role in the January 2024 hack of the Securities and Exchange Commission’s X account, which was used to send out a tweet that briefly spiked the price of bitcoin by more than $1,000, the Justice Department said. The man, Eric […]

Read More
Trump slams Supreme Court, Springsteen and Swift
Politics

Trump slams Supreme Court, Springsteen and Swift

U.S. President Donald J. Trump speaks to media on Air Force One as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates. Win Mcnamee | Getty Images News | Getty Images President Donald Trump took aim at the Supreme Court, fellow Republicans and several celebrities Friday in […]

Read More