Source link Purchases of crude surged last year on growing fuel demand, according to customs data China ramped up its stockpiling of crude last year, with imports beating the previous annual record, reached in 2020, as fuel demand bounced back after Covid-19 restrictions were lifted, Chinese customs data released on Friday showed. The country’s oil […]
Source link Iraq is planning to halt imports of petroleum products as soon as in 2024 after launching a number of oil refineries, which were stalled during decades of military conflict, according to Oil Ministry spokesman Asim Jihad, as cited by RIA Novosti. The Middle Eastern nation has been purchasing oil products, such as reformulated […]
Source link The embargo will come into force in 2025, Finnish Climate Minister Kai Mykkanen says Finland will ban imports of Russian liquefied natural gas (LNG) from next year, Environment and Climate Minister Kai Mykkanen said on Friday in an interview with Helsingin Sanomat. According to the minister, Helsinki intends to develop a regulatory framework […]
Source link The anti-dumping investigation follows Brussels’ own probe into a “flood” of cheap Chinese electric vehicles China has begun an anti-dumping investigation into the import of competitively priced brandy from the European Union, the country’s commerce ministry announced on Friday. The probe follows a complaint submitted by the country’s domestic brandy industry, the ministry’s […]
Source link Benin has lifted sanctions imposed at the behest of the Economic Community of West African States (ECOWAS) that had prevented imported goods from transiting through the autonomous port of Cotonou (PAC) to landlocked Niger. The measure was taken following the ouster of Nigerien President Mohamed Bazoum in a recent coup. Bart Johan Van […]
Source link Türkiye has been ramping up purchases despite the Western sanctions, according to Reuters Türkiye has become the largest importer of Russian energy in the Western Hemisphere after European countries halted most Russian oil and natural gas imports, Reuters reported this week. Despite being a NATO member, Türkiye has chosen not to cut ties […]
Source link Bulgaria has prematurely scrapped its exemption from the EU ban, which allowed the country to continue buying crude through 2024 Bulgarian lawmakers have approved a motion that bans purchases of Russian oil for the country’s sole refinery, Neftohim, owned by Russia’s Lukoil, Bulgarian National Television (BNT) reported on Monday. According to the report, […]
Source link New Delhi is aiming to drive down domestic food prices, the New Indian Express reports The Indian government is considering allowing the delivery of over a million metric tons of wheat from Russia and could cut import duties by almost half, the New Indian Express reported on Tuesday. The reduction of the import […]
Source link Sanctions-induced trade pivot sees more eastward shipments send price in Japan of the winter delicacy plummeting, Nikkei reports The cost of crab meat in Japan has fallen dramatically due to a sharp increase of imports from Russia, Nikkei reported on Saturday, citing the US embargo on purchases of Russian seafood as the prime […]
Source link The EU has stepped up imports of nuclear fuel and services from Russia over the past two years despite sanctions and export curbs targeting the country in connection with the Ukraine conflict, Reuters reported on Friday, citing the Euratom Supply Agency. According to the report, the bloc continues to rely on supplies from […]
Source link India plans to increase purchases of Russian coking coal, which is vital for the steel industry, after a decline in deliveries from major supplier Australia, Reuters has reported. According to the news agency, citing government and industry sources on Tuesday, Russia offers cheaper prices for the raw material than Australia, from which India […]
Source link Switzerland imported more than 14 tons of gold from Russia last month for processing, taking advantage of the fact that it was shipped through third countries, and thus did not violate Western sanctions, the latest data from the Swiss Federal Council has revealed. In October, the Alpine country’s gold imports totaled CHF776 million […]
Source link Commerce Minister Piyush Goyal visited the automaker’s factory in California as part of New Delhi’s efforts to woo the company Tesla is set to increase imports of components from India, New Delhi announced on Tuesday, amid reports that the South Asian nation is seeking to encourage the automaker to establish a manufacturing plant […]
Source link Russia delivered a record amount of crude to Brazil in October, becoming the country’s third-largest supplier, RIA Novosti reported on Friday citing statistics. The Latin American country resumed crude imports from Russia in September after a two-year halt, the outlet said. Moscow exported 207,000 tons of crude worth $133 million in October, as […]