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As part of the sanctions which have been imposed on the Russian Federation as a result of the 2022 Russian invasion of Ukraine, on 2 September 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort which was intended to reduce Russia's ability to finance its war on Ukraine and curb further increases in the 2021–2022 ...
The company, which operates refineries in Lithuania, Poland and the Czech Republic, saw its profit from refining surge in March thanks to the discount it pays for Russian oil. SINOPEC. China's ...
Following this, China started imposing import tariffs on some Australian exports. China gave a range of reasons for the tariffs, ranging from dumping concerns to bark beetles found in timber. China denied that the tariffs were related to Scott Morrison's call for an independent investigation into the origins of COVID-19.
The G7, the EU and Australia imposed the $60 cap on Russian oil in late 2022, banning the use of Western maritime services such as transport, insurance and financing for shipments of oil priced at ...
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
During his first term, President Trump riled markets — not to mention the global economy — by imposing steep tariffs on China. Although his tariff campaign began with various tariffs on all ...
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
Shares of companies with ties to Russia plunged following the invasion of Ukraine in 2022, as investors fled the country over fears that sanctions would hobble the economy and hurt firms doing ...