The EU has announced plans to ban all imports of Russian LNG and pipeline gas, including supply covered by long-term contracts, in a bid to ensure “full energy independence” from the warring state. The European Commission says it plans to introduce legislative proposals next month that would prohibit imports of Russian gas under spot contracts…| Global Trade Review (GTR)
US authorities have imposed sanctions on two oil traders in Hong Kong and the UAE, as well as several shipping companies across Asia, for allegedly brokering and transporting Iranian-origin fuel. The Office of Foreign Assets Control (Ofac) and Department of State announced this week it was cracking down on “oil brokers”, which operate outside Iran ...| 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)
