RUSSIA – The Russian Deputy Foreign Minister Andrey Rudenko said on Tuesday that Moscow will not deliver oil to countries supporting price cap. Rudenko said in an interview with the Russian daily Izvestia that the energy market is currently volatile, with a shortage and rising cost of energy resources. Asked about the trade with countries […]
Tag: Sanctions
Sanctioned Iranian Oil Authorized for Sale by US
IRAN – The US authorized a temporary sale of sanctioned Iranian oil that was stranded at sea on Friday, aimed at easing the global supply pressures. The “narrowly tailored” license, which runs until April 19, covers Iranian crude oil and petroleum products already loaded on vessels as of March 20, including those on previously sanctioned […]
Afghanistan Urges Removal of UN Security Council Sanctions
AFGHANISTAN – Afghanistan on Monday urged for the removal of the UN Security Council sanctions on its top government officials. Afghan government spokesman Zabihullah Mujahid said the Security Council’s move to update the sanctions list “violates individuals’ rights and is ineffective,” local broadcaster Tolo News reported. The latest sanctions list includes the prime minister, the […]
EU’s Kaja Kallas Decries Ease of US Sanctions on Russian Oil
BELGIUM – EU foreign policy chief Kaja Kallas on Monday decried the ease of US sanctions on Russian oil, despite the ongoing energy disruptions due to the Middle East war, saying that it sets a dangerous precedent. “We see the easing of sanctions on oil, on Russia, by US is a dangerous precedent, because right […]
Trump Lifts Sanctions on Russian Oil
RUSSIA – Donald Trump on Thursday lifted sanctions on Russian oil stranded at sea to stabilize energy markets, allowing a temporary purchase. There are nearly 124 million barrels of Russia-origin oil at sea across 30 locations globally as of March 12, CNBC reported, enough crude oil to cover about five to six days of supply. […]
American Sanctions on Russian Oil Might be Lifted; Scott Bessent
USA – The American sanctions on Russian oil might be lifted, in what the Treasury Secretary Scott Bessent said was to ease a temporary global supply gap. The remarks follow a US decision to issue a temporary 30-day waiver allowing Indian refiners to purchase Russian oil in an effort to maintain global supply. “The Indians […]
Latest EU’s Russia Sanctions Package Fails to Get G7 Backing
BELGIUM – The latest EU’s Russia sanctions package failed to get G7 and US backing, which proposed a coordinated effort to block Russian oil deliveries under its 20th package of anti-Russian sanctions, according to reports on Monday. A diplomatic source in Brussels said that the proposal was presented to Washington and other G7 capitals as […]
China Warns Ukraine Against any Sanctions to its Nationals and Companies
CHINA – China on Tuesday warned that it’ll take any means necessary to protect the legitimate and lawful rights of Chinese companies and individuals, in response to Zelenskyy’s threat of sanctions, due to relation with Russia. “China always opposes all unilateral sanctions that violate international law and lack authorizations of the United Nations Security Council,” […]
Sanctions on Somalia’s Al-Shabaab Renewed
SOMALIA – Sanctions on Somalia’s Al-Shabaab were on Friday renewed by the UN Security Council, with all 15 members voting in favor. The measure extends authorization for naval inspections to enforce an arms embargo on Somalia, as well as a ban on charcoal exports and controls on improvised explosive devices (IEDs), until Nov. 30, 2026. […]
Sanctions on Syria Lifted by European Union
BELGIUM – The economic sanctions on Syria lifted by the European Council on Wednesday following an agreement made in May. In a press release, the EU council stated that it had lifted all economic restrictive measures on Syria, with the exemption of those based on security grounds. Underlining that the adoption formalized the political decision […]