G7 countries and Australia have implemented a cap of $60 a barrel

They include oligarchs Alexander Abramov and Alexander Frolov, who are known to be business associates of Roman Abramovich and previously owned major stakes in Russian steel manufacturer Evraz

His death is linked to him falling from a boat, reports have claimed

The company is forecasting a hit of approximately €1.3 billion on net income

Germany’s Economy Minister accused the company of trying to drive energy prices higher

The company’s Russian retail stations and lubricants business have been sold to LUKOIL

LUKOIL will buy Shell’s Russian retail and lubricants businesses

The announcement comes as Western countries ramp up efforts to punish Russia with new sanctions