Washington has published guidance on the price cap, but its level remains unknown US companies will be allowed to buy seaborne Russian oil if they adhere to the price ceiling agreed by allied countries, the US Treasury’s Office of Foreign Assets Control (OFAC) said in preliminary guidance published on Friday.
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Chinese exports to Russia soared in August despite Western sanctions targeting the Russian economy, the news outlet RBK reported this week, citing official Chinese customs data. According to the report, shipments from China to Russia last month reached roughly $7.9 billion, an increase of 26.7% from last August ($6.3 billion). China’s General Administration of Customs…
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The chancellor says Berlin has taken abundant precautions to cope with the energy crisis Germany can cope with the current energy crisis, and is ready to deal with a potential Russian natural gas shutdown, the Chancellor Olaf Scholz said on Saturday.
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