international-trade
Top StoriesExclusive – China’s Oil Champion Prepares Western Retreat Over Sanctions Fear
Top StoriesGerman Lawmakers Call for EU Ban on Russian Oil After Ukraine Visit
Top StoriesNokia to Stop Doing Business in Russia
Top StoriesUkraine Says Tens of Thousands Killed in Mariupol, Accuses Russia of Abuses
Exclusive – Some Banks Stop Credit for Oil Imports by Rosneft-Owned India Refiner Nayara – Sources
Date: April 11, 2022
By Nidhi Verma, Nupur Anand and Chris Thomas NEW DELHI/MUMBAI/BANGALORE (Reuters) – India’s HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow, four banking and industry sources...
EU Adopts New Sanctions Against Russia Including Coal Import Ban
Date: April 8, 2022
By Francesco Guarascio (Reuters) – The European Union on Friday formally adopted its fifth package of sanctions against Russia since the country’s Feb. 24 invasion of Ukraine, including bans on the import of coal, wood, chemicals and other products. The measures also prevent many Russian vessels and trucks from accessing the EU, further crippling trade,...
U.S. Congress Votes to Strip Russia of ‘most Favored’ Trade Status, Ban Its Oil
Date: April 7, 2022
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Congress voted to impose further economic pain on Russia over the invasion of Ukraine on Thursday, passing one measure to remove its “most favored nation” trade status and another to ban oil imports. The Senate voted 100-0 in favor of the measure removing Permanent Normal Trade Relations...
India Says Focus Is on Stabilising Economic Ties With Russia
Date: April 7, 2022
By Nidhi Verma NEW DELHI (Reuters) -India is focused on stabilising its economic ties with Russia and is working to devise a payment mechanism to settle trade amid Western sanctions against Moscow for its invasion of Ukraine, the foreign ministry said on Thursday. India has called for an end to violence in Ukraine but refrained...
British Drugmaker Gsk Stops Supplement, Vitamin Sales to Russia
Date: April 6, 2022
(Reuters) -GlaxoSmithKline said on Wednesday its consumer arm has stopped shipments of supplements and vitamins to Russia as a result of Moscow’s invasion of Ukraine and would prioritise the supply of over-the-counter medicines for basic needs. The British drugmaker has also reiterated that it would keep supplying essential medicines and vaccines to Russia. GSK has...
EU Countries Hunt for Global Coal Stocks as Russian Ban Looms
Date: April 6, 2022
(Fixes name in paragraph 19) By Jonathan Saul LONDON (Reuters) – European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources. The European Commission on Tuesday proposed new...