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Russia, China
China response key to crude oil after new sanctions on Russia: Russell
By Clyde Russell LAUNCESTON, Australia (Reuters) -"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia's crude oil exports.
Russian Tanker Discharges Oil at Chinese Port After U.S. Sanctions
A tanker carrying Russian crude discharged at a port operated by Shandong Port Group in east China on Thursday.
Cost to Ship Russian ESPO Oil to China Triples After Sanctions
The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher, according to traders.
Tanker rates more than triple from Russia to China as US sanctions hike profit
Charterers are paying three times as much to ship Russian crude from Kozmino to China following US sanctions on 183 more ships last week. Traders told Bloomberg that Chinese importers are fixing tankers for between $5m and $5.5m for a short trip that used to cost $1.5m.
Tougher US sanctions to curb Russian oil supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs.
Shadow fleet of tankers keeps Russia's oil money flowing despite Western sanctions
The Group of Seven democracies has sought to crimp Russia's oil export earnings that help fund the war against Ukraine. But Western governments and sanctions experts say Moscow has resorted to using a so-called shadow fleet of hundreds of aging tankers of uncertain ownership and safety practices that are dodging sanctions and keeping the oil revenue coming.
Putin Shadow Fleet's Sanctions-Hit Tankers 'Stranded' off China Coast
The vessels Mermar, Huihai Pacific and Olia carrying more than 2 million barrels of oil left Russian ports earlier in January.
Russian 'shadow fleet' tankers carrying 2 million barrels of crude idling off China’s coast, Bloomberg reports
Three tankers carrying over 2 million barrels of Russian crude oil are floating off China's coast after they were hit by fresh U.S. sanctions last week, Bloombergreported on Jan. 13. The vessels are allegedly part of the so-called "shadow fleet,
Russia, sanctions
U.S. issues sanctions to combat Russian sanctions-evasion scheme
The Treasury Department on Wednesday announced sanctions connected with Russian secret payment channels created to skirt U.S. restrictions and a Kyrgyzstan financial institution that supports the Krem
U.S. issues fresh round of sanctions against Russia
The United States on Wednesday took fresh action targeting Russia over its invasion of Ukraine, taking aim at efforts to circumvent U.S. sanctions as Washington continues to increase pressure on Moscow in the final days of the Biden administration.
US targets China-Russia sanctions evasion scheme with new measures
The U.S. Treasury Department has targeted actors involved in a sanctions evasion scheme facilitating cross-border payments for sensitive goods between China and Russia as part of a new package of sanctions,
2d
on MSN
‘Enough is enough’: New report warns top US companies at risk of hefty fines from possible China sanctions
A new report warns that over 80 Fortune 100 companies are doing significant business in China and that they could face ...
7h
China Pounces on Russia's Fire Sale of Prized Assets
In December, Russia reportedly sold its stakes in certain Kazakh uranium deposits to Chinese-owned companies. This involved Kazakhstan's nuclear resources company, Kazatomprom, and Russia's Rosatom ...
3d
China's 2024 chip imports surged 10.4% to US$385 billion amid tighter US tech sanctions
Chinese firms rushed to stockpile semiconductors in 2024, driving double-digit expansion of integrated circuit (IC) imports, ...
The Associated Press - Business News on MSN
10d
China protests US sanctions for its alleged role in hacking, complains of foreign hacker attacks
Asked about the
sanctions
against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo ...
4h
Trump Treasury Nominee Scott Bessent: More Sanctions Could Bring Russia "To The Table" On Ukraine
Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is ...
13d
on MSN
China Adds to Sanctions of U.S. Defense Contractors Over Taiwan Arms Sales
Beijing sent a fresh warning to President-elect Donald Trump of the tools it can use to protect national interests.
11d
on MSN
China fires shot across Trump’s bow with defense sanctions
China’s decision this week to slap several major U.S. defense firms with penalizing trade measures is being viewed as a “shot ...
12h
on MSN
China Begins Probe Into US Chip Grants, Alleged Dumping
China will start an investigation into the potentially illegal dumping of mature or legacy chips by US firms, one of ...
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