EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank June 3, 2022 By Gabriela Baczynska and Jan Strupczewski BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank...
European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members June 2, 2022 By Ewa Krukowska and Alberto Nardelli The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere...
EU Poised to Approve Sanctions Against Russia, Covering Oil, Banks and Insurance June 1, 2022 By Alberto Nardelli and Ewa Krukowska European Union ambassadors are set to approve a sixth package of sanctions over Moscow’s invasion of Ukraine, banning most Russian...
Lloyd’s Is Working With UK, Global Regulators to Implement Russia Sanctions June 1, 2022 Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international...
Iran’s Seizure of 2 Greek Oil Tankers Adds Risk to Key Shipping Route June 1, 2022 By Anthony Di Paola Iran’s seizure of two Greek oil tankers in the Persian Gulf raises the risk of further interruptions to shipments from...
EU Leaders Agree to Pursue Ban on Most Russia Oil; Insurance Prohibition Delayed May 31, 2022 By Jorge Valero, Milda Seputyte and Alberto Nardelli European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of...
U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources May 27, 2022 By Jonathan Saul, Lefteris Papadimas and Renee Maltezou The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to...
Russia Plans to Seize Local Units of Western Firms That Try to Exit Country May 27, 2022 By John O'Donnell Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide...
Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China May 26, 2022 By Serene Cheong A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...