The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.
Tag: Embargoes and Sanctions
Economic Toll of Russia’s War in Ukraine Tests Western Solidarity
Russia’s president is calculating that Western leaders will tire before he does of a protracted struggle in Ukraine, especially if the price is turbocharged inflation and energy shortages.
Bulgaria Takes Unusual Stand Against Russia With Sanctions
Bulgaria has imposed economic sanctions on Russia, offered to repair broken military equipment for Ukraine and expelled Russian diplomats.
Afghans Urge Court Not to Give Frozen Central Bank Assets to Sept. 11 Families
Advocates for the Afghan people say it would be unjust and illegal to use $3.5 billion of Afghanistan’s assets to pay off the Taliban’s judgment debts.
Brazil Replenishes Stockpiles of Russian Fertilizer
Officials expected the war to trap up to 15 percent of the world’s fertilizer exports in Russia. But Brazil and other countries have found a way to get it.
Italy Seizes Superyacht Tied to Putin
Italian police boarded the yacht, the Scheherazade, late on Friday, ending what appeared to be preparations to set sail.
Nicaragua’s Secretive Ruling Family Reaches Out Quietly to the U.S.
Sanctions intended to thwart the president’s dictatorial actions have hit his family and inner circle hard. More pain is expected as sanctions hit Russia, an ally.
India Finds Russian Oil an Irresistible Deal, No Matter the Diplomatic Pressure
A parade of emissaries have urged a harder line on Russia. But India’s political neutrality over the war in Ukraine has expanded into economic opportunism.
Putin Could Use Russia’s Victory Day to Expand Ukraine War, Some Fear
The Russian holiday celebrating the Soviet triumph over Nazi Germany is viewed by Ukraine and NATO as a stage for the Russian president to proclaim a turn in the war.
Your Thursday Briefing: A Ban on Russian Oil?
The E.U. proposed a total embargo.