A cap on the price of Russian crude oil sold on world markets went into effect on Monday. This is an important step towards reducing Russia’s ability to continue the war in Ukraine. The cap was designed with two major goals in mind: to prevent Russia from disrupting global oil markets and to limit the …
WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …
Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor Read More »
A tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, October 11, one of the largest petroleum and petroleum products facilities in southern Russia . The deadline is approaching for Western allies to agree on a price cap for Russian oil. PA hide caption toggle …
What to know about the West’s new efforts to cut Russia’s oil revenues Read More »
Rebekah Koffler, who fled the Soviet Union 30 years ago, reflects on the Russian-Ukrainian conflict in “Varney & Co.” Vessels linked to Russia’s biggest grain trader shipped thousands of tonnes of stolen Ukrainian grain to global buyers, using a sophisticated system of collector vessels and floating cranes, according to a Wall Street Journal investigation. The …
Ships linked to Russia’s biggest grain exporter carried stolen Ukrainian cargo Read More »
Comment this story Comment When Russian President Vladimir Putin launched a new supply coordination council for the Russian military last month, he seemed to recognize the scale of the economic problems facing the country, and his sense of urgency was palpable. “We need to be quicker to decide on the issues related to the supply …
Western sanctions are catching up with Russia’s wartime economy Read More »
