Western sanctions against Russia for its invasion of Ukraine may not have resulted in the dramatic economic collapse that some had predicted, but they still had a huge impact. Russia is now the most sanctioned country in the world and shortages of goods, limited access to services and other restrictions are slowly changing everyday life …
7 unexpected ways Western sanctions have affected life in Russia Read More »
Cargo ships and ships pass through the Bosphorus Strait, a body of water connecting the Black Sea to the Sea of Marmara and the Mediterranean Sea via Istanbul, Turkey. Above, the Russian-flagged Volga River Taganrog tanker cruises through the Bosphorus Strait in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil …
Vietnam to hold first large-scale arms fair this week The country’s nascent military industry plans to export for the first time He seeks faster diversification of Russian military supplies HANOI, Dec 7 (Reuters) – Vietnam is considering a major defense shift as it seeks to reduce its dependence on Russian weapons and launch a drive …
Analysis: Vietnam shifts gears on arms trade as it loosens ties with Russia Read More »
For months, energy analysts have worried about what might happen on December 5, when two things were bound to happen. First, a European ban on maritime imports of Russian oil would come into effect. Second, the world’s advanced economies would impose a price cap on Russian oil. December 5 has arrived, and… not much has …
Two tankers were heading to Russia on Monday, expecting to be filled with Russian crude as a price cap on its oil exports from a coalition of Western nations came into effect. On Friday, the European Union agreed to cap Russian maritime oil prices at $60 a barrel, in a bid to limit Moscow’s revenue …
Tankers head to Russia as oil price cap goes into effect on exports Read More »
Russia quietly amassed a fleet of more than 100 aging tankers to help circumvent Western restrictions on Russian oil sales after its invasion of Ukraine, according to ship brokers and analysts. Shipping broker Braemar estimates that Moscow, which relies heavily on foreign tankers to transport its crude, has added more than 100 vessels this year, …
Russia assembles ‘shadow fleet’ of tankers to help ease oil sanctions Read More »
London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …
Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »
London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …
Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »
Oil officials from OPEC and Russia will meet on Sunday to review production levels, just hours before the European Union begins an embargo on Russian oil and the Group of 7 industrialized nations and their allies impose a price cap on Kremlin crude. With so much uncertainty, the group, known as OPEC Plus, may choose …
OPEC and Russia to meet as global forces weigh on oil market Read More »
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …
OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap Read More »
