international-trade
Top StoriesBiden Greeted as Old Friend in Israel at Start of Middle East Tour
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Top StoriesUkraine Hopes for Grain Exports Breakthrough as Istanbul Talks Resume
Russia’s Breadbasket Seeing High Yields as Wheat Harvest Starts
Date: July 12, 2022
(Reuters) – Farmers in Russia’s southern Rostov region, one of the largest grain producing and exporting areas of the country, are seeing high wheat yields as harvesting gets underway, growers and officials in the region said. Sanctions-hit Russia, the world’s largest wheat exporter, is expected to produce a massive crop in 2022 with record amounts...
Explainer-What Happens if Germany’s Russian Gas Flows Stop
Date: July 11, 2022
By Vera Eckert and Tom Käckenhoff FRANKFURT (Reuters) – Germany, the world’s fourth-biggest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 pipeline ends. Maintenance on the pipeline, which carries Russian gas directly into Germany, began on July...
Lithuania Widens Curbs on Kaliningrad Trade Despite Russian Warning
Date: July 11, 2022
By Andrius Sytas VILNIUS (Reuters) -Lithuania on Monday expanded restrictions on trade through its territory to Russia’s Baltic exclave of Kaliningrad, as phase-ins on European Union sanctions against Moscow over its invasion of Ukraine took effect. Additional goods barred from Monday morning include concrete, wood, alcohol and alcohol-based industrial chemicals, a spokesperson for Lithuanian customs...
Shanghai Plans More Covid Testing Amid Fresh Curbs Across China
Date: July 11, 2022
By Roxanne Liu and Ryan Woo BEIJING (Reuters) -Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections, with the commercial hub of Shanghai bracing for another mass testing effort after finding a highly-transmissible Omicron subvariant. The tough curbs by local governments follow China’s “dynamic zero-COVID” policy...
Exxon, Shell May Pursue Part of $1.8 Billion Nigerian award–US Appeals Court
Date: July 8, 2022
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Friday said Exxon Mobil Corp and Royal Dutch Shell Plc affiliates may try to enforce part of a $1.8 billion arbitration award against Nigeria’s state-run oil company, in a dispute concerning oil extraction near the African country’s coastline. In a 3-0 decision, the...
Russia to Take Sakhalin-1 Project Under Its Control -Lawmaker
Date: July 7, 2022
MOSCOW (Reuters) -A senior Russian lawmaker said on Thursday that Moscow would take control of the Sakhalin-1 oil and gas project in which ExxonMobil, Japan’s SODECO and India’s ONGC Videsh are partners, a week after taking over the neighbouring Sakhalin-2. Pavel Zavalny, head of the energy committee in Russia’s lower house of parliament, said the...