The banning of the exportation of oil, gas and chemical services is targeting an industry that accounts for about 50 percent of Russia's federal budget revenues, she said. Since Feb. 24 this year, Canada has imposed sanctions on more than 1,070 individuals and entities from and in Russia,...
Barkindo said it is "practically impossible" for Russia to keep such an oil export share under financial sanctions over the Ukraine crisis, calling these sanctions "the most severe that we have seen so far on any other country, probably." ...
NEW US sanctions levelled against Russia on the occasion of the second anniversary of the invasion of Ukraine and also as a response to the death earlier this month of Russian opposition figure Alexei Navalny are expected to pose a challenge to Indian oil refineries that have been buying ...
Russia’s invasion of Ukraine has sent energy prices to historic highs, as the conflict has resulted in high market volatility and a coordinated round of sanctions targeting Russia’s economy. J.P. Morgan Research examines the outlook for energy prices as the potential for an ongoing conflict ...
A senior administration official said that the designation of Rosneft Trading S.A., a subsidiary of the Russia’s Rosneft Oil Company, was “another major step forward toward achieving maximum pressure.” The sanctions also target Rosneft’s chairman and president, Didier Casimiro, whom an officia...
On June 13, the UK declared its first specific sanctions against the tankers in the shadow fleet, moving Russia’s oil as part of a broader effort in association with the G7 nations at the beginning of the summit in Italy. The most recent sweeping effort that the UK mentioned in...
EU sanctions on Russian crude, including a ban on refined petroleum products that comes into effect on February 5, are expected to lead to a “further reallocation” of trade, the International Energy Agency said. Russia’s oil production could drop by 1.4 million bpd in 2023...
By Alex Longley (Bloomberg) After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains...
“There is broad concern about the weaponisation of commodities by Russia in response to potentially facing the most onerous sanctions to date,” she said. Given an already tight market, with gas at record levels and oil trading above $90 a barrel for the first time in seven years, any ...
Oil prices have sharply risen over the past two weeks on the back of the unfolding war in Ukraine. Prompt month Brent prices went from an already elevated $95/bbl in mid-February to $112/bbl at the time of writing. WTI, the US benchmark, is currently tra