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...
Ukraine’s Richest Man Plans to Sue Russia for Destruction of Steel Plants, Lost Business May 27, 2022 Ukraine’s richest man says he plans to sue Russia over what he said was $17 billon to $20 billion in...
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...
Zurich Insurance to Sell Russian Business to Local Team May 20, 2022 By Brenna Hughes Neghaiwi Zurich Insurance has agreed to sell its Russian business to members of the local team, it said on Friday, as...
Russia’s Aeroflot Buys 8 Stranded Airbus A330 Aircraft From Leasing Firms May 16, 2022 By Kevin Liffey Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part...
Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn May 12, 2022 By Simon Jessop and Kate Abnett The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s...