....
Ivan Timofeev:
US Congress and Sanctions Against Russia
Subsequently, the sanctions continued to increase. In 2017, President Donald Trump signed Executive Order 13808, which imposed restrictions on the primary market debt of the Venezuelan state oil company PdVSA, as well as on
the debt obligations of the Venezuelan government
. Executive Order18827 (2018) defined bans on the use of
digital currencies nominated by the Venezuelan governmen
t. Executive Order 13835 (2018) expanded
sanctions ...
... benefits greatly from the decision of OPEC+ to cut production. Back in February 2023, Deputy Prime Minister Alexander Novak, who is in charge of the energy sector, announced the decision of the national leadership to voluntarily reduce production by 500 thousand bpd. That is, Russia would have cut oil production anyway. But the fact that OPEC+ partners are now joining this thrust means that concerted action will have a much greater impact on the market, keeping oil prices at a high level. Russia has its own reasons for the decision to cut production....
... financial, insurance and other services in EU jurisdiction. The wording of paragraph 7 of Art. 3n of EU Council Regulation No 833/2014 suggests that we are talking about any ship,
regardless of the country of origin
.
Yulia Sokolshchik:
USA Versus USA: Why American Business Also Loses from Sanctions
Similar problems may also arise when a Russian insurance company is set up to serve bulk oil shipments, or if one or another company from friendly countries is involved. Here, the United States and its allies also have the instrument of secondary sanctions in their hands. The same goes for financial transactions. Operations in the currencies ...
In fact, the sellers’ market is being changed into the buyers’ market by artificial political methods rather than for economic reasons
G7 countries are working hard to coordinate a sanctions regime to cap prices on Russian oil and oil products. The United States is already drafting a mechanism for applying these sanctions, which its allies and partners will use as a guideline. The new sanctions in the form of legal arrangements are expected to be formalised very soon. How ...
As the OPEC+ deal has expired, Russia and Saudi Arabia remain at odds, though the United States offered encouraging words that production cuts might be negotiated
The Russian-Saudi feud over oil production has destabilized the market even as the industry faces anemic demand and the potential for a
legion of layoffs
because of the coronavirus pandemic.
On the heels of plummeting prices, the market
rallied April 2
after US President Donald ...
... importance of the region in global energy will reduce the incentives for great powers to interfere in its affairs.
Risks:
Drop in oil and gas prices will be a serious challenge for regional hydrocarbon exporters, particularly in heavily populated countries ... ... to be a contentious issue (e.g. building new settlements in disputed territories in Israel or new development projects in Jerusalem);
Persistent political instability in the region may hinder the development of urban autonomy and prevent any move towards ...
After US decision to withdraw from JCPOA and to reintroduce sanctions, Iran’s oil sector feels more pressure and uncertainty
Almost four years ago, after years of difficult negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which ...
... has 7 licensed sites in the Barents Sea; 3 – in the Pechora; 13 – in the Kara Sea; 8 – in the Gulf of Ob, and 1 – in the East Siberian Sea [
18
].
Positive results of production on the Prirazlomnoe field discovered in 1989 in the Pechora Sea allowed to ship and deliver 300 thousand tons of oil to the port of Rotterdam in 2014 (about 2.2 million barrels) [
19
]. The oil produced was called Arctic Oil (ARCO) [
20
]. Currently, this is the only project on the Russian Arctic shelf, where oil is commercially ...
... Japan, and South Korea are the biggest importers of Iranian crude, and they were at the forefront to increase imports from Iran in 2016. The European market followed their lead. Bloomberg reported that in January 2017 European states
bought
600 thousand barrels of Iranian oil per day. No longer than a year ago, this figure was equal to zero.
Not only is Teheran boosting its exports to old, established clients, but it is also testing new export destinations. Thus, 2016 saw the first Iranian oil cargo
delivered
to Poland,...
... clear. Rosneft is likely to lobby for the liberalization of access to shelf deposits, as most of the blocks are already split between them and Gazprom. However, it might be difficult to reach a consensus with the Russian leadership in the case that the USA strengthens sanctions against the Russian oil and gas sector.
What Will the New Sanctions Lead to?
Pavel Sharikov:
How to Make Russia-U.S. Relations Great Again?
The adoption of the new anti-Russian sanctions will definitely complicate the life of the above mentioned foreign partners, and might ...
