Tougher U.S. sanctions to curb Russian oil supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.
Why Biden’s Farewell Russian Oil Trade Sanctions Are a Big Deal
The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. Most
Russia Says It Will Continue Oil and Gas Projects Despite US Sanctions
Russia's Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow's energy sector as an attempt to harm Russia's economy at the risk of destabilising global markets and said the country would press on with large oil and gas projects.
US to impose sanctions on Russian oil fleet and traders, document shows
The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil producers and nearly 200 tanker ships.
US imposes sanctions on Russia's oil industry to weaken war effort
The United States on Friday imposed sweeping sanctions on Russia's energy sector to try to limit funding for Moscow's war in Ukraine. The sanctions target two of Russia's largest oil companies, Gazprom Neft and Surgutneftegas,
Oil prices rally 3% as US hits Russian oil with tougher sanctions
Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue.
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.
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China, Russia, and Ukraine: December 2024
China and Russia are deepening energy ties, with natural gas exports exceeding contractual agreements. At the same time, in ...
Lessons learned from trying to thaw icy relations between rivals U.S and China
U.S. Ambassador Nicholas Burns described the relationship as contentious and deeply competitive, “and you can’t get around ...
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With “energy cooperation”, Russia/China trade booming using Yuan/Rouble currencies
First-quarter bilateral trade totaled US$53.85 billion. China's shipments to Russia rose 47.1% to US$24.07 billion, while shipments from Russia were up 32.6% to US$29.77 billion Energy ...
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China, Russia vow to foster cooperation, deepen ties
Xi voiced his readiness to maintain close exchanges with Putin and keep China-Russia cooperation on the right course. He also ...
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Is a glut of phoney Russian goods too much for China’s consumers to bear?
Riding a wave of popularity brought on by stronger bilateral trade links and strained ... They have ample reason for concern: China does not permit the import of Russian sausage, and the harsh ...
Putin orders Russia's top bank to team up with China in AI push to challenge Western tech dominance
Sweeping Western sanctions against Russia have made AI chips a challenge to obtain.
How Russia’s Pivot To Asia Reshapes Global Energy
New research shows how Russia's pivot from Europe to Asia reshapes global energy markets, drives LNG competition, renewable ...