Restrictions on Russia’s oil trade are raising the stakes in a protracted economic standoff that is reshaping the global energy market.
Tag: Embargoes and Sanctions
Russian Attacks Intensify in Eastern Ukraine Ahead of Expected Offensive
Russia is deploying hundreds of thousands of newly mobilized soldiers, in small groups, to probe for vulnerabilities in Ukrainian defensive lines.
U.S. Presses Turkey and U.A.E. to Weed Out Illicit Trade With Russia
American officials worry that commercial activities in Turkey and the United Arab Emirates could be fueling Russia’s war machine and have threatened to punish those involved.
When It Comes to Building Its Own Defense, Europe Has Blinked
Despite expectations that Russia’s invasion of Ukraine would force Europe to bolster its military strength, it has instead reinforced dependency on U.S. leadership, intelligence and might.
Russia Sidesteps Western Punishments, With Help From Friends
A surge in trade by Russia’s neighbors and allies hints at one reason its economy remains so resilient after sweeping sanctions.
How Western Goods Reach Russia: A Long Line of Trucks Through Georgia
With Western sanctions barring many imports, a lot of what Russia needs now travels a slow, crowded truck route through the Caucasus Mountains from Georgia.
Putin’s Cease-Fire Effort to Divide the West Over Ukraine Fall Flat
A cease-fire proposal seemingly aimed at splintering Western unity has instead been met with Western escalation, underscoring Moscow’s diplomatic struggles.
Dark Christmas Signals Tough Times for a Prosperous City in Hungary
Dimmed festive lighting at an annual market in the city of Gyor underscores the economic pain being felt across Hungary as energy costs and inflation soar.
North Korea Says It Has Tested a New ICBM Engine
The statement, issued Friday, followed an order from the country’s leader, Kim Jong-un, to develop a new ICBM that is harder to intercept.
The US Imposes Sanctions on a Russian Oligarch and Other Officials
The sanctions block financial transactions in dollars with Vladimir Potanin, the largest shareholder in Nornickel, the world’s biggest producer of palladium and refined nickel.