The Russian Federation’s economy is still far from a crisis, but if oil prices fall significantly, it will begin. This opinion was expressed by the Vice President of the Kyiv School of Economics, Elina Rybakova, who added that the Russian economy is overheated, but it is difficult to achieve a crisis if the West ... #OilEmbargo #RussianEconomy #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ShadowFleetRussia
Turkey helped Russia earn €3.1B from the export of petroleum products to the EU. Last year, Turkey became the world’s largest buyer of Russian oil products, reported CSD and CREA analysts. In their view, Turkey has become a strategic transshipment point for Russian oil produ... #circumventionOfSanctions #OilEmbargo #PetroleumProducts #RussianOil #RussiaProfits #SanctionsAgainstRussia #Turkey
Western countries are involved in 96% of Russian LNG exports. The maritime industries from countries supporting Ukraine, including members of the G7 and the EU, provided for more than 90% of Russian exports of liquefied natural gas in 2023, totaling €15.5B. 96% ... #EnergyIndependence #energysanctions #LNGimport #OilEmbargo #RussianGas #RussianLNG
Sanctions are starting to have an effect: contractors are severing ties with the Russian Federation. Turkey’s Dertyol terminal, which received record volumes of Russian oil last year, will no longer accept cargo from Russia due to increased US sanctions. Global Terminal Services (GTS), which ma... #DertyolTerminal #OilEmbargo #RussianOil #SanctionsAgainstRussia #Sinokor
Russian exports fell almost 30% in a year, and US sanctions have blocked their tanker fleet. According to Reuters, the total volume of Russian exports decreased by 28.3% to $425.1B. The most noticeable drop was in European supplies, which was by 68% to $84.9B. On the other hand, exports to As... #OilEmbargo #Russiaexport #RussianEconomy #RussianOil #SanctionsAgainstRussia
Sanctions are not an obstacle: Russia exports oil products to the EU through Turkey. Before the full-scale war in Ukraine started, the Turkish Dörtyol oil terminal received Iraqi oil and transferred it to tankers. However, since the first sanctions against Russia began to affect the e... #DörtyolOilTerminal #OilEmbargo #RussianOil #SanctionsAgainstRussia
The US, Norway, and Kazakhstan will replace Russia on the EU oil market after the embargo. After the introduction of the embargo, the EU will need to replace an additional 1.4 million barrels of Russian oil. At the same time, about 300,000 barrels per day can potentially come from the US, a... #EUOilMarket #OilEmbargo #RussianOil
The G7 has agreed on a mechanism to limit Russian oil prices. On September 2, the finance ministers of the Big Seven countries (Great Britain, Germany, Italy, Canada, France, Japan, and the US) confirmed their intention to limit the price of Russian oil. The Min... #G7 #OilEmbargo #RussianOil
The G7 plans to present a plan to cap Russian oil prices. On September 2, the finance ministers of the G7 countries will reach an agreement and present a plan for setting maximum prices for Russian oil at a virtual meeting, the WSJ writes. According to the p... #anti_Russiansanctions #OilEmbargo #RussianOil
The EU summit agreed on an oil embargo, but with exceptions. The European Union overcame the resistance of several skeptical states and made a political decision to impose an oil embargo on Russia. European Council President Charles Michel stressed that the dec... #CharlesMichel #EUsummit #OilEmbargo #RussianOilBan
The President of the European Council is confident the Russian oil ban will be resolved by Monday. Charles Michel is confident that any issues over the proposed ban on Russian oil imports will be resolved by the next council meeting on May 30. Addressing a news conference alongside Swedish Prime M... #CharlesMichel #OilEmbargo #RussianAgression #RussianOilEmbargo
Germany is ready to support the oil embargo against Russia without Hungary’s participation. German Economy Minister Robert Habeck is disappointed that the EU has not yet approved an oil embargo against Russia, reported Reuters. However, Habeck added that Germany was ready to renounce Hungary... #GermanyOilEmbargo #OilEmbargo #RobertHabeck #RussianAgression #RussianOilEmbargo
The G7 group might impose tariffs on Russian oil as an alternative to an embargo. Representatives of the US Treasury Department, at a meeting of G7 finance ministers, will propose that the EU introduce tariffs on Russian oil as a faster alternative to a direct oil embargo. The US ... #G7 #OilEmbargo #RussianOil #Sanctions
Japan will impose an oil embargo on Russia. After Sunday’s online meeting of G7 leaders, Japanese Prime Minister Fumio Kishida said that Japan would impose a ban on Russian crude imports as part of the G7’s decision to counter Russi... #FumioKishida #JapanOilEmbargo #OilEmbargo #RussianOil
The European Parliament presents the sixth package of sanctions. The President of the European Commission presented the details of the sixth package of sanctions against Russia for its aggression against Ukraine: We add to the sanctions list high-ranking military p... #EUsanctions #OilEmbargo #RussianAgression #Sanctions
Germany is among several nations ready to support the Russian oil embargo. “After these two months, I can say: Germany is not against the oil embargo on Russia. On the contrary, we are ready for it,” said German Minister of Economy Robert Habeck. According to th... #GermanyEnergy #OilEmbargo #RobertHabeck #RussianOilBan
Austria, Hungary, and Slovakia also decided to support the oil embargo. Following Germany’s decision on the EU oil embargo, Austria, Hungary, and Slovakia also stopped vetoing sanctions and revoked their veto on the oil embargo against Russia. Previously, countries... #Austria #Hungary #OilEmbargo #RussianENergyEMbargo
Germany is ready for an oil embargo. The Minister of Economy, Vice-Chancellor of Germany Robert Habeck, believes that his country is prepared to abandon imports of Russian oil in the coming days. He is convinced that Germany can become c... #Germany #OilEmbargo #RobertHabeck
The European Union fails to agree on the Russian energy embargo. The European Union fails to agree on the Russian energy embargo. #EUsanctions #JosepBorrell #OilEmbargo #RussianOil
The EU is preparing an oil embargo after the second round of elections in France. The European Union is finally preparing a gradual oil embargo against Russia, which could be approved after the second round of the French presidential election on April 24. Until now, the oil embargo... #BanRussianOil #EUsanctions #OilEmbargo #Sanctions
Russia faces a significant oil production decrease due to sanctions . The International Energy Agency (IEA) predicts that the fall in oil production in Russia due to sanctions in April will be 1.5 million barrels per day and rise to 3 million barrels per day the follo... #OilEmbargo #RussianOil #RussianOilBan
The Ukrainian government will implement an embargo on trade with Russia. Soon, the Cabinet of Ministers will suspend imports and exports with the Russian Federation, said the Prime Minister of Ukraine, Denys Shmyhal. “Yesterday during a meeting, we discussed with the Presi... #OilEmbargo #RussianAgression #TradeEmbargo
The EU may impose an embargo on Russian oil and gas. EU ambassadors plan to meet on April 6 to discuss a package of new sanctions against Russia in connection with Russia’s aggression against Ukraine, reported The Financial Times. Sanctions propos... #Embargo #EUandRUssia #OilEmbargo #RussianOil
The EU will consider imposing an oil embargo on Russia. The governments of the European Union will consider imposing an oil embargo on Russia in connection with its invasion of Ukraine, reported Reuters. In order to force Russian President Vladimir Putin ... #OilEmbargo #OilEmbargoforRussia #RussianOilEmbargo
