Tag Archives: exports

Russian President Vladimir Putin and Chinese President Xi Jinping.Photo by ALEXEI DRUZHININ/Sputnik/AFP via Getty Images The European Union’s upcoming ban on Russian oil products could spell more turmoil for the Kremlin. China and India are unlikely to buy refined Russian fuels that were once sold to the EU, which will ban them on February 5. That’s in contrast to Russian crude oil, which were snapped up by China and India after Europe shunned those supplies. Russia faces new sanctions on its… Source link

Anti-Russia protest in Germany Yann Schreiber/AFP via Getty Images Russian President Vladimir Putin’s ploy to use oil and gas exports as “a weapon of financial war” in its campaign to conquer Ukraine “is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence,” The Wall Street Journal reports. Putin had calculated that cutting off natural gas to Europe, and especially Germany, would leave Europe’s economy in shambles and its… Source link

Negotiations underway to unblock exports of fertilizer from Russia have made “important steps forward,” one of the main United Nations negotiators said on Thursday, while acknowledging that there was still a way to go. Russian grain and fertilizer exports continue to face issues over sanctions imposed after the Kremlin’s invasion of Ukraine, despite two agreements signed on Jul. 22 that called for sanctions to spare agriculture-related products and grant safe passage for Ukrainian… Source link

(Bloomberg) — Palm oil slumped on prospects that top producer Indonesia’s surprise ban of cooking oil exports will not be strict as feared. Most Read from Bloomberg Indonesia will only halt exports of bulk and packaged RBD palm olein, a higher value product that has been processed. Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports. Benchmark futures… Source link

Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday. Palm oil, the world’s most used vegetable oil, is used in cooking and a range of consumer products. Palm-oil and competing soybean-oil prices are jumping after news of the ban. The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most… Source link

The Canadian Press McConnell backs off Senate filibuster fight with Schumer WASHINGTON — Senate Republican leader Mitch McConnell backed off his demand that Senate Democrats preserve the procedural tool known as the filibuster, easing a standoff with new Majority Leader Chuck Schumer as the two negotiated a power-sharing agreement in the closely divided chamber. McConnell said late Monday he had essentially accomplished his goal after two Democratic senators said they would not agree to… Source link

Canada announced Saturday a ban on exporting certain medicines that are or may soon be in short supply, a measure in response to a US plan to import drugs from its northern neighbor. The plan promoted by outgoing US President Donald Trump aimed at allowing pharmacists and wholesalers to import certain prescription drugs in bulk from Canada takes effect on Monday. The US plan is intended to lower prices for Americans, but comes at a time when the Covid-19 pandemic has increased demand for some… Source link