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Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
Russian Monopoly Russia retains a monopoly over the uranium conversion infrastructure. The world’s largest producer and exporter of natural raw uranium is Kazatomprom which has a joint venture with a Canadian firm.Kazatomprom has the largest uranium reserve base in the nuclear industry.Raw uranium has to be refined and enriched in order to be utilised
The need for a comparative study and research as to the number of women at operational roles at seaports in the maritime nations is intensifying. No such latest and updated study is available
OFAC has now published its formal guidance on the price cap sanctions for Russian oil entering into force on December 5, 2022. The price cap policy is intended to maintain a reliable supply of oil to the global markets while reducing the revenues the Russian Federation earns from its oil after the conflict in Ukraine inflated
Studies indicate that the difference between fossil fuels and renewable energy is not vast. Trade in energy is unlikely to weaken and fossil fuel producers will continue to remain significant players in international affairs for at least the near future.Renewable energy sources may be more evenly distributed then fossil fuel sources
Cyber Bank Fraud Charges by US against Huawei CFO As reported in the South China Post US prosecutors moved for dismissal of bank fraud charges against Meng Wanzhou CFO of China’s Huawei Technologies whose 2018 arrest strained relations between the US and China. Meng struck a deal with the prosecutors for the charges against her
Barrick Gold of Canada which is re entering the mineral resource sector (copper gold) in Pakistan , after an international arbitration award, recently shared its policy on Anti – Bribery and Anti – Corruption. The company informed that Corruption causes widespread harm, fuels conflict and can result in misdirection of funds that would be used
Credit Greentech Media Whether it’s a wind turbine or a solar panel or nuclear power plant fossil fuel powers its manufacturing , mining, processing, transportation and installation. In the next decade Fossil fuels will remain irreplaceable and no renewable energy miracle is around the corner. Developing countries need to be cautious in transiting from fossil
The evolving rail grid in Central Asia will financially incentivize Middle Corridor trade while making EU-Asian routes less regionally competitive. Russian Railways in collaboration with the railways of Kazakhstan, Turkmenistan and Iran is granting reduced container-kilometer rates in the year 2023 for using the infrastructure of the eastern route of the North-South international transport corridor
Freight Costs Reduction to Boost Central Asia's Trade In order to cut Freight costs Tajikistan acceded to the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific in the year 2022. Digital Cross border trade is the new frontier of logistic artificial intelligence (AI ) .After the Uzbekistan - Pakistan Transit
