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Scope of EU Ban on Russian Coal and Fertilizers Jolts Insurers

Aug 15 2022 // The European Union jolted insurers and shippers by clarifying that a ban on EU entities servicing exports of Russian coal and some fertilizers applies to shipments anywhere in the world. An EU ban on imports of Russian...

Russia Finds New Route to Get Oil to Market Via Tiny Egyptian Port

Aug 5 2022 // Russia appears to have found a new means of getting its oil to market with western sanctions looming for Moscow. A cargo of about 700,000 barrels of Russian oil was delivered to Egypt’s El Hamra oil terminal on its...

Russian E-commerce Firm Ozon Assesses Damages After Massive Warehouse Fire

Aug 5 2022 // MOSCOW – Russian e-commerce company Ozon said on Thursday it was still assessing the economic damage from a huge fire at its warehouse near Moscow, but that there were no significant risks to its liquidity and...

Ukraine Makes 1st Grain Shipment Since Russia’s Invasion in Key Milestone

Aug 1 2022 // Ukraine made its first shipment of grain since Russia’s invasion, marking a small but crucial first step toward unlocking the millions of tons of crops piling up in the country and boosting global food supplies. The...

G7 Countries Aim to Have Price Cap on Russia Oil Before Dec. 5, When Sanctions Kick In

Jul 28 2022 // The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec. 5, when European Union sanctions banning seaborne imports of Russian crude come into force, a senior G7...

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