Category: european sanctions on russia

Shell CEO Warns About Impossibility of Tracing Refined Russian Oil

May 6, 2022
Business & EconomycommoditiesCompaniesEuropeeuropean sanctions on russiaMarketsRussian Oil BanRussian Oil TradeShell OilWorld
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Even though the West is taking every measure to limit the use of Russian oil in their regions, it may be difficult to enforce these sanctions absolutely due to the impossibility of tracing Russian oil refined and resold by other nations, according to a major oil executive. During a first quarter webcast with reporters on…

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Oil Prices Fall From China Worries, Support Comes From European Embargo

May 3, 2022
Business & EconomycommoditiesEuropeeuropean sanctions on russiaglobal oil pricesMarketsRussian Oil BanRussian Oil TradeWorld
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Crude oil prices declined on Tuesday trading due to demand worries from China and the country’s weak manufacturing activity data even though prices are getting support from a possible European Union ban on Russian oil. Brent crude oil July futures were trading at $106.10 per barrel on May 3 as of 09:57 UTC after hitting…

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Germany Averse to Immediately Cutting Off Russian Energy Imports, Finance Minister Urges Patience

April 21, 2022
Business & EconomyEuropeeuropean sanctions on russiaGermany's economyMarketsRussia gasRussian Oil TradeWorld
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Though Germany is moving “as fast as possible” to end its dependence on Russian energy supplies, such a move cannot be implemented soon, according to Christian Lindner, the country’s finance minister. “We have to be patient,” Lindner said in an interview with the BBC. “We are willing to stop all energy imports from Russia, it’s just…

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