Europe’s and America’s gradual restrictions on Russian oil trade are raising stakes in a protracted economic standoff that is reshaping the global energy market.
Category: Embargoes and Sanctions
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How Russia Is Surviving the Tightening Grip on Its Oil Revenue
The New York Times – Business: -
Russian Diesel Is Europe’s New Embargo Target
The New York Times – Business:The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.
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Russia Sidesteps Western Punishments, With Help From Friends
The New York Times – Business:A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
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The US Imposes Sanctions on a Russian Oligarch and Other Officials
The New York Times – Business:The sanctions block financial transactions in dollars with Vladimir Potanin, the largest shareholder in Nornickel, the world’s biggest producer of palladium and refined nickel.
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Chechen Leader Has More Interactions With UFC Fighters Amid US Sanctions
The New York Times – Sports:The U.S. State Department says it knows of apparent ties between Ramzan Kadyrov, the Chechen strongman, and mixed martial arts fighters.
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Oil Prices Drop, Despite Heightened Sanctions on Russian Crude
The New York Times – Business:The price of oil fell by about 10 percent this week, easing (for now) supply worries about the E.U. embargo and a price cap.
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Qatar Extends Its Natural Gas Dominance at Russia’s Expense
The New York Times – Business:As its influence grows, the country is poised to become a big energy supplier to Europe, which has turned away from Russia after its invasion of Ukraine.
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What We Know About Brittney Griner’s Case in Russia
The New York Times – Sports:The W.N.B.A. star had been detained in Russia on drug charges for nearly 10 months before she was released in a prisoner swap on Thursday.
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EU Embargo of Russian Oil and G7’s Price Cap Take Effect
The New York Times – Business:An immediate impact on oil supplies in Europe was not expected, partly because the embargo has been in the works for months.
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Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged
The New York Times – Business:The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo of Russian oil begins on Monday.
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Ukraine’s Allies Agree on Russian Oil Price Cap
The New York Times – Business:The plan to impose a top price of $60 a barrel on Russian crude will most likely make a small dent in the Kremlin’s revenue, but the White House hopes it will help avert an oil shock.
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E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.
The New York Times – Business:The price cap, devised by Group of 7 countries and their allies, aims to limit Russia’s revenue while averting a global oil shock.