There’s a paradox haunting threats to cut off imports of Russia’s oil to punish it for its invasion of Ukraine: the more markets take the threat seriously, the more valuable Continue Reading
Oil Surges as U.S. Mulls Ban on Russian Crude Imports A cargo of Russian Sokol oil from the Far East was offered at a steep discount as the nation’s invasion Continue Reading
The European Union is weighing how to help stem the economic hit from the war in Ukraine, including a possible relaxation of the bloc’s tough state-aid rules. The European Commission Continue Reading
The pound slumped to the lowest since December 2020 as traders flocked to the U.S. dollar amid an escalation in the Ukraine war. Sterling slid to as low as $1.3156, Continue Reading
Russian steelmaker stops supplies to EU Impact of sanctions on Russia-China trade seen limited Russia’s metals industry is expected to lean on China as an export market following sanctions for Continue Reading
The EU could reduce its imports of Russian natural gas by more than one-third within a year by applying new measures announced by the IEA. The European Union could reduce Continue Reading
Demonstrators hold a “Stop Putin” banner during a protest against Russia’s invasion of Ukraine outside the European Union consulate in Caracas, Venezuela. A coalition of more than 75 climate change-focused Continue Reading
On paper, China’s banks and its homegrown payments system could offer Russia respite from crippling Western sanctions. China has helped other nations evade sanctions, and both China and Russia share Continue Reading
The Biden administration is weighing cutting U.S. imports of Russian oil and ways to minimize the impact on global supplies and consumers, the White House said on Friday, as lawmakers Continue Reading
Polish gas grid operator Gaz-System will offer firm capacity towards Ukraine starting on Sunday to secure gas deliveries to the country, it said in a statement on Friday, as Kiev Continue Reading
