Oil prices rose on Friday after Russia’s deputy prime minister, Alexander Novak, said that his country would cut production in March by 500,000 barrels a day — or about 5 […]
Embargoes and Sanctions
Trending topics and news from the Embargoes and Sanctions category
Back to news homeHow Russia Is Surviving the Tightening Grip on Its Oil Revenue
Using customs data from India, Mr. Vakulenko, the Russian oil expert, showed that local importers of Russian crude paid almost the same price as Brent crude. A New York Times […]
Qatar Extends Its Natural Gas Dominance at Russia’s Expense
“The Qataris are not going to let a big European energy crisis go to waste,” said Jim Krane, an energy expert at Rice University. “They’re locking in a new long-term […]
Advice for Europeans: Bundle Up and Get Ready for Outages
Life in some European cities may soon look like this: Staggered electricity outages to save energy. Temporary cuts in mobile phone and internet service. Schools closed for a lack of […]
Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged
OPEC and its allies, including Russia, said on Sunday that they would leave their quotas for oil production unchanged. The group, known as OPEC Plus, appears to have decided during […]
Ukraine’s Allies Agree on Russian Oil Price Cap
An elaborate United States-led plan to limit what Russia can charge for its oil exports is set to cap the price of Russian crude at $60 a barrel, the Group […]
E.U. agrees on Russian oil price cap of $60 per barrel after fraught talks.
The Kyiv-Pechersk Lavra monastery in Kyiv, Ukraine, which was raided by Ukrainian security services in November.Credit…Brendan Hoffman for The New York TimesKYIV, Ukraine — President Volodymyr Zelensky of Ukraine called […]
Ukraine Is Biden’s Defining Issue, and His Biggest Economic Challenge
Russia’s war in Ukraine has become the greatest economic challenge of President Biden’s time in office, threatening to push the world into a recession that could endanger an already fragile […]
U.S. Blocks Dominican Republic Sugar Imports, Citing Forced Labor
Charity Ryerson, the executive director at Corporate Accountability Lab, a Chicago-based human rights organization, said the restrictions would be a powerful impetus for Central Romana to improve conditions for its […]
EU Nears Cap on the Price of Russian Oil
A complex effort by Ukraine’s allies to deprive Russia of billions of dollars in oil revenue by putting a cap on the price paid for its crude is reaching a […]