US considers lifting more sanctions on Russian oil
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Treasury Secretary Scott Bessent said the US may lift sanctions on further Russian oil supply after a move Thursday to give Indian refiners the green light to purchase crude from the nation.
U.S. Treasury Secretary Scott Bessent said on March 6 that Washington is considering lifting some sanctions on Russian oil to address a global supply shortage linked to recent military operations in
The war in Iran has shaken global markets and caused geopolitical blowback, but Russia could benefit in the short term.
The turn of fortunes has given Russian President Vladimir Putin renewed swagger when it comes to energy.
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Russia stunned as Apple accounts suddenly frozen under new sanctions
Russian Apple users found their iCloud and App Store accounts abruptly frozen as tightened Western sanctions forced the tech giant to cut off access for individuals and entities linked to Moscow’s war effort.
Hungary has blocked the European Union’s latest sanctions plan against Russia, and said it will hold up a big new loan for Ukraine.
Russia's state-owned nuclear power group said it will move forward with its power plant projects in foreign countries despite new sanctions from the UK government against Russian companies.
Elliptic says Russia-linked crypto exchanges are processing transactions tied to sanctioned entities, underscoring stablecoin use and evasion risks.
The cap did reduce government oil revenues temporarily, especially after an EU ban on most Russian seaborne oil forced Russia to shift sales to China and India. But Russia built a “shadow fleet” of aging tankers operating beyond the reach of the cap, and revenues rose again.
Sanctioned entities turned to crypto en masse to reach global markets. Year-over-year, the subset of illicit finance grew by more than 690%. Crypto’s growing adoption is a challenge for authorities.
Chinese ambassador to Moscow calls for the neighbours to build more cross-border bridges and corridors to slash logistics costs.