The West believes the decision to cut oil production undermines the Western economies, thus denying OPEC+ nations the right ... ... cut production by 1.16 million bpd starting in May 2023, but if we take into account Russia’s
announced
cut by 500 thousand bpd from March 2023, the total reduction of global supply will be close to 1.66... ... to cut oil production, many critics interpreted it as a forced measure. They say the sanctions are doing their job, and Russia can no longer produce enough oil without Western...
... 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 ...
Threats and Challenges for Russia’s Arctic Activity under Sanctions
Since the end of the past century, the definition of the Arctic as the ... ... associated with a notion of sanctions in the foreign doctrine [
1
].
Ivan Panichkin:
Arctic Oil and Gas Resource Development: Current Situation and Prospects?
However, it... ... 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...
... 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 ...