Aframax oil tankers that serviced crude oil exports from Russia’s western ports are now being redirected to the Russian Far East-China route to service the exports of Russia’s ESPO crude, a favorite with Chinese refiners, Bloomberg reports, citing shipbroker and ship-tracking data. The Biden Administration’s final sanctions on Russian oil trade were the most aggressive…
Trump Taunts & Threatens NATO Nation, Says ‘Will Punish Spain With 100%…’ U.S. President Donald Trump has issued a stern threat to NATO member Spain, expressing frustration over the failure of NATO nations to meet their defence spending targets. Taunting his NATO partner, Trump asked, “Is Spain a BRICS nation?” He further warned Madrid, “If…
The Chinese government imposed sanctions on seven companies on Friday in response to US military sales and other forms of support for Taiwan, some of which were signed into law this week by US President Joe Biden. Beijing’s Ministry of Foreign Affairs identified the companies as Insitu, Hudson Technologies, Saronic Technologies, Raytheon Canada, Raytheon Australia,…
Beijing has sanctioned two Canadian institutes and several individuals concerned with Tibet and Xinjiang issues as tensions with Ottawa continue to worsen. The Uygur Rights Advocacy Project, the Canada Tibet Committee and 20 people from the two organisations had been placed on the sanctions list, the Chinese foreign ministry said on Sunday, citing China’s anti-sanctions…
Latest details in Russia’s major attack on Ukrainian infrastructure – CBS News Watch CBS News Ukraine says Russia has launched one of its largest strikes against the country’s energy infrastructure since the war began. Ukrainian President Volodymyr Zelenskyy says the Kremlin fired dozens of cruise and ballistic missiles Friday, along with nearly 200 drones. CBS…
Crude oil prices were set for their first weekly gain since late November on news that the U.S. was considering additional sanctions against Russia and Iran. The potential of such a move disrupting the supply balance lent upward momentum to prices. The latest report of fresh China stimulus measures meanwhile continued to support the benchmarks…
Washington has condemned Beijing’s “retaliatory” decision to impose visa restrictions on US officials accused of interfering in Hong Kong affairs. The US Department of State’s remarks were made on Wednesday, a day after Beijing’s move which was in response to Washington’s threats to impose fresh sanctions on officials after the jailing of 45 opposition figures…
A Hong Kong cleaning company has been fined nearly HK$11 million (US$1.4 million) for colluding with a rival to fix prices on bids for Housing Authority contracts worth HK$180 million, the city’s competition watchdog has disclosed. Hong Kong Commercial Cleaning Services and Man Shun Hong Kong and Kln Cleaning Company, along with their three directors,…
Dwindling sales of Russia’s natural gas and oil show how energy exports will not help the growing economic problems that Vladimir Putin is facing, his former deputy energy minister has told Newsweek. The comment by Vladimir Milov, an economist who served under the Russian president from May to October 2002, follows figures which show another…
China has imposed sanctions on 13 American companies in retaliation for the latest U.S. arms sales to Taiwan, amid tensions between Washington and Beijing over the self-ruled island. The United States last week authorized two defense packages worth $385 million for Taiwan, including spare parts for its fleet of F-16 fighter jets and support for…