G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
Posted inEmbargoes and Sanctions European Union Group of Seven International Relations International Trade and World Market Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Ships and Shipping United States

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion

The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
Red Sea Attacks Add Another Snarl to Global Shipping
Posted inBP Plc Canals Defense and Military Forces Defense Department Drones (Pilotless Planes) Economic Conditions and Trends Hamas Houthis International Relations International Trade and World Market Israel-Gaza War (2023- ) Maersk Line Oil (Petroleum) and Gasoline Panama Canal and Canal Zone Red Sea Ships and Shipping Suez Canal Supply Chain Terrorism United States Economy

Red Sea Attacks Add Another Snarl to Global Shipping

Already hampered by problems at the Panama Canal, shipping companies are now steering clear of the Suez Canal to avoid being attacked in the Red Sea.
Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans
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Chinese Traders and Moroccan Ports: How Russia Flouts Global Tech Bans

Using specialized e-commerce sites, secretive shipping workarounds and a constellation of middlemen, Russia has obtained the tech components it needs to keep its economy and war in Ukraine going.