The US is seeking to disrupt the non-western market for Russian oil and gas, promising a “steady drumbeat” of sanctions enforcement actions, a government official said this week. US sanctions on Russian oil have generally focused on weakening the Kremlin’s export revenues while keeping supply steady, stabilising prices. The oil price cap, in place across…| Global Trade Review (GTR)
Aggressive US sanctions against vessels transporting Russian oil are expected to have a substantial impact on trade flows, with Russia’s remaining shadow fleet unlikely to be large enough to fulfil demand, researchers believe. The outgoing Biden Administration announced on January 10 it had imposed sanctions on more than 150 individual vessels, as well as numerous ...| Global Trade Review (GTR)