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 …
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 »
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 »
European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …
China has tapped tech giants Alibaba and Tencent to help it design semiconductor chips, as Beijing braces for new US sanctions aimed at suppressing Chinese computing power. The Chinese government has set up a consortium of companies and research institutes, including the Chinese Academy of Sciences, to create new intellectual property on the chips. Beijing …
China enlists Alibaba and Tencent in fight against US chip sanctions Read More »
Comment this story Comment When Russian President Vladimir Putin launched a new supply coordination council for the Russian military last month, he seemed to recognize the scale of the economic problems facing the country, and his sense of urgency was palpable. “We need to be quicker to decide on the issues related to the supply …
Western sanctions are catching up with Russia’s wartime economy Read More »
Moscow CNN — November and December are known as the most depressing months in Moscow. The days are short and dark, and the weather is too cold and wet to be outdoors much, but still too hot and rainy to enjoy the true Russian winter. This year, the sense of gloom is heightened by the …
