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From the 1990s, until 2021, the USA had issued two-thirds of global sanctions, however following the 2022 Russian invasion of Ukraine, other countries, notably the United Kingdom, have become more active issuers of sanctions. [32] As of 2024, the UK has sanctioned more than 1,600 individuals and frozen over 18 billion pounds ($22.8 billion) in ...
The proposal was reduced to a ban on oil imports by sea to appease Hungary, whose prime minister, Viktor Orbán, has befriended Putin and which gets 60% of its oil from Russia via pipelines. [70] European imports of oil supplied by pipeline from Russia are estimated at 800,000 barrels a day and are exempted from the sanctions, with oil transit ...
European Union states are set to adopt new sanctions against Russia's oil majors Rosneft, Transneft and Gazprom Neft, but will continue to buy oil from them, an EU source told Reuters on Monday.
On 12 September 2014, the United States imposed sanctions on Russia's largest bank (Sberbank), a major arms maker and arctic , deepwater and shale exploration by its biggest oil companies (Gazprom, Gazprom Neft, [59] [60] [61] Lukoil, Surgutneftegas and Rosneft). Sberbank and Rostec will have limited ability to access the US debt markets.
[100] In 2020, the Stockholm Arbitral Tribunal ruled that PGNiG's long-term contract gas price with Gazprom linked to oil prices should be changed to approximate the Western European gas market price, backdated to 1 November 2014 when PGNiG requested a price review under the contract. [101] [102] Gazprom had to refund about $1.5 billion to PGNiG.
Gazprom is majority state-owned, which means that the Russian state receives a sizeable sum of its profits. Russia relies on oil and gas business in part to fund its ongoing war in Ukraine; with ...
LONDON (Reuters) -Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the ...
Changes in the composition of seaborne diesel exports from Russia, 2022–2024. During and after Russian intervention in the Syrian civil war in 2015, sanctions have been used against Russian tankers by the United States, including product tankers Sudak (IMO:8943155) and Sig (IMO: 9735335), chemical tanker Stalingrad (IMO: 9690212) and the combined chemical and oil tankers Marshal Zhukov (IMO ...