The policy must be in place before an E.U. embargo on Russian oil imports kicks in on Dec. 5. The talks are set to resume next week.
Category: Embargoes and Sanctions
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Ukraine’s Allies Struggle to Agree on Plan to Curb Russia’s Oil Revenue
The New York Times – Business: -
EU Nears Cap on the Price of Russian Oil
The New York Times – Business:E.U. diplomats aim to agree on a price this week, clearing the way to enforce the measure before a Dec. 5 deadline.
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Oil Prices Slide as Investors Worry Energy Demand Is Slowing
The New York Times – Business:The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
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What Is ‘Friendshoring’?
The New York Times – Business:/
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World Leaders Meet as Global Economy Faces Multiple Threats
The New York Times – Business:High inflation, food insecurity and a possible global recession loom large as the Group of 20 summit discussions begin.
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Price of Diesel, Which Powers the Economy, Is Still Climbing
The New York Times – Business:Russia’s invasion of Ukraine is one reason that the fuel is scarce. Another is a series of yearslong, intertwined events that cover the globe.
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Five Ways Sanctions Are Hitting Russia
The New York Times – Business:Russia’s economy and residents have taken a battering, but the government continues to reap big revenues from energy sales. A partial European embargo on oil takes effect in December.
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US Extends Enforcement of Sanctions on Russian Oil Deliveries to January
The New York Times – Business:No decision has been made on the price of the oil cap, which will take effect in five weeks.
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Exxon and Chevron Rack Up Giant Profits
The New York Times – Business:Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.
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Exxon and Chevron Rack Up Giant Profits
The New York Times – Business:A fourth straight quarter of robust results came on the back of high oil and natural gas prices.
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As Inflation Stalks Europe, Leaders Shudder
The New York Times – Business:The downfall of Britain’s prime minister served as a warning to all of the political peril that awaits those who fail to address the erosion of living standards, no matter the cause.
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With New Crackdown, Biden Wages Global Campaign on Chinese Technology
The New York Times – Business:U.S. officials pushed to choke off China’s access to critical semiconductor technology after internal debates and tough negotiations with allies.