In Iran, Russia’s war on Ukraine is a political flash point
During its 1979 Islamic Revolution, Iran embraced the protest cry of “neither East nor West,” rejecting both the U.S. and the Soviet Union, then locked in the Cold War. The Continue Reading
India eyes Russian coal offered at steep discounted price amid domestic shortage
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of burn Payment Continue Reading
An EU embargo on Russian oil in the works – French minister
French Finance Minister Bruno Le Maire said on Tuesday that an embargo on Russian oil at a European Union level was in the works, adding that France’s President Emmanuel Macron Continue Reading
Stellantis suspends vehicle production in Russia
Carmaker Stellantis (STLA.MI) said on Tuesday it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. The world’s fourth-largest automaker, which produced and Continue Reading
Europe Can Diversify From Russia Faster Than Believed: Draghi
The European Union can diversify away from Russia in natural gas faster than previously believed, the Prime Minister of Italy, Mario Draghi, said this weekend. In an interview with Corriere Continue Reading
The Big 4 of agriculture unlikely to exit Russia despite mounting pressure
Everything can be politicized, except food. This holds more relevance amid widespread protest and collective boycott calls against Russia’s invasion of Ukraine since Feb. 24 . With hundreds of multinational Continue Reading
India eyes Russian coal offered at steep discounted price amid domestic shortage
Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Continue Reading
A Russian Default Is Looming. A Bitter Fight Is Likely to Follow.
Russia is ambling toward a major default on its foreign debt, a grim milestone that it has not seen since the Bolshevik Revolution more than a century ago and one Continue Reading
U.S., allies plan for long-term isolation of Russia
Nearly two months into Vladimir Putin’s brutal assault on Ukraine, the Biden administration and its European allies have begun planning for a far different world, in which they no longer Continue Reading
Russia’s Oil Industry Is Suffering As The West Shuns Its Crude
Russia’s economically critical oil industry is getting battered as Western buyers shun the country’s crude. Moscow is struggling to replace lost sales in the West with sales in emerging Asian Continue Reading