Three oil tankers insured by a leading British syndicate are at the centre of a developing diplomatic confrontation after they were observed transporting oil from the Venezuelan port of Puerto
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The price of Brent crude has fallen below sixty dollars a barrel for the first time since May, as markets respond to potential progress in talks to end the conflict
Russian President Vladimir Putin made an unusual virtual appearance in September, inaugurating a new A7 payments network branch in Vladivostok. A7 is not a traditional high street bank but a
The European Union has announced plans to stop importing Russian liquefied natural gas (LNG) one year earlier than previously scheduled, in a move designed to increase economic pressure on Vladimir
The president of the European Commission, Ursula von der Leyen, has urged the suspension of the EU’s free trade deal with Israel, referencing ongoing illegal settlement activity in the West
Multinational companies continue to confront growing criticism for their continued financial contributions to the Russian state more than three years after the invasion of Ukraine. A recent report by the
Russia’s economic resilience is showing signs of weakness as soaring potato prices and broader inflationary pressures create mounting challenges for Vladimir Putin’s war economy. The staple vegetable’s price surge of
The European Commission has proposed reducing the price cap on Russian oil exports in a bid to tighten sanctions, further restricting the Kremlin’s revenue streams. The proposal, led by Commission
The UK and its G7 allies are contemplating a reduction of the current cap on Russian oil export prices, deemed ineffective by experts. The existing limit of $60 per barrel
Moscow’s ability to maintain its oil trade and finance its Ukrainian war efforts, despite international sanctions, hinges on a fleet of over 600 elderly and poorly maintained vessels. This ‘shadow
European and US shipowners have capitalised on Russia’s need to circumvent Western sanctions, generating a staggering £4.8 billion through the sale of 230 ageing tankers to Moscow’s “shadow fleet”. The
Western corporations operating in Russia contributed a staggering £2.8 billion in profit taxes during 2023, highlighting the continued financial ties between international businesses and Moscow despite widespread sanctions following the
