China’s Wison New Energies recently announced a sudden halt to their Russian projects, citing strategic concerns for their company’s future. This decision, made in response to US sanctions on Russia’s LNG industry, includes backing out of constructing crucial modules for Russia’s Arctic LNG 2 project. This project is pivotal for
Despite sanctions, Russia has surpassed the US as Europe’s primary gas supplier, according to recent data. Efforts to reduce reliance on Russian gas have faltered, raising concerns over geopolitical implications and energy security. The recent sabotage of the Nord Stream pipeline only seems to validate this particular “conspiracy theory.” Some
In response to potential sanctions influenced by President Biden, Japan’s Chief Cabinet Secretary Yoshimasa Hayashi announced considering action against companies in India, Uzbekistan, UAE, and China at the recent G-7 summit. If this turns out to be true, India might believe that its American benefactor set Japan up for this,
The European Commission declared on Wednesday that, starting early next month, it will impose tariffs as high as 48% on Chinese electric vehicles. The European Commission has imposed fresh duties of its own on Chinese electric vehicles, batteries, solar panels, steel, aluminum, and medical equipment, approximately one month after President
EU foreign ministers are seriously considering sanctions against Israel if it defies the ICJ’s order to halt its military operation in Rafah, according to Irish Foreign Minister Micheal Martin, following recent attacks in the area. According to Irish Foreign Minister Micheal Martin, EU foreign ministers have for the first time
Russian President Vladimir Putin issued a decree on Thursday enabling the government to confiscate American assets in Russia, encompassing real estate and belongings. This is in response to potential US seizures of Russian assets. Vladimir Putin, the president of Russia, signed an order on Thursday that allows the government to
The Financial Times reported that a Russian court confiscated €800 million from Deutsche Bank, UniCredit, and Commerzbank. Moscow has had enough after two years of being the target of a weaponized global reserve currency, being kicked out of SWIFT, countless (toothless) sanctions, and witnessing the freezing and eventual confiscation of
The US threatens India with sanctions following Iran’s Chabahar Port deal, citing risks of business with Iran despite India’s investment Within hours of India concluding a ten-year agreement to manage Iran’s Chabahar Port, the US reaffirmed its warning that “anyone considering business deals with Iran needs to be aware of
Putin’s gold strategy, implemented in early 2022 by tying the value of the ruble to gold, has successfully countered sanctions, aided by Russia’s status as the world’s second-largest producer of gold. Russia is the target of more than 16,000 sanctions. Nonetheless, the Russian economy and military apparatus expanded by 3.6%