Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
Category: Embargoes and Sanctions
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How the G7 Oil Price Cap Has Helped Choke Revenue to Russia
Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.
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Biden Team to Counter Tech Espionage Unveils Cases Involving China and Russia
A new division set up by the government to pursue sanctions evasion and technology espionage announced arrests of individuals with ties to foreign governments.
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U.S.-Made Technology Is Flowing to Sanctioned Russian Airlines
Russian customs data shows that millions of dollars of aircraft parts made by Boeing, Airbus and others were sent to Russia last year despite sanctions.
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Luxury Imports to Russia Take a Detour Around Sanctions — Through Dubai
More than a year into Vladimir Putin’s invasion, the web of global trade has adjusted to Western sanctions, with a network of middlemen sending cars, electronics and more to Russia.
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Exxon and Chevron Report More Modest Profits as Oil Prices Ease
The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
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U.S. and E.U. Face Uphill Fight in Keeping Chips Out of Russia
Western technology goods are winding up in Russian missiles, raising questions about the efficacy of sanctions.
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With Russia’s Exit, Norway Becomes Europe’s Energy Champion
It is now the continent’s largest supplier of natural gas, and last year the country’s energy earnings jumped $100 billion.
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Fight Over Corruption and Congo’s Mining Riches Takes a Turn in Washington
The New York Times – Business:Dan Gertler, an Israeli billionaire, is pressing President Biden to remove sanctions that were imposed on him for bribe-fueled transactions in the impoverished African country.
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As Zelensky Visits Kherson, World Bank Says Ukraine Needs $411 Billion to Rebuild
The New York Times – Business:The bank released a significantly higher figure as European Union leaders approved plans to provide Kyiv with one million artillery shells over the next 12 months.
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Xi and Putin Bind China and Russia’s Economies Further, Despite War in Ukraine
The New York Times – Business:On the second day of the Chinese leader’s state visit in Moscow, Xi Jinping and Vladimir V. Putin declared an enduring economic partnership, in an effort to insulate their countries from punitive Western measures.
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Banned From Russian Airspace, U.S. Airlines Look to Restrict Competitors
The New York Times – Travel:Because of the war in Ukraine, U.S. carriers have to take the long way on flights to and from Asia, giving an advantage to foreign rivals flying the same routes.