Highly Priced Yachts of Russian Oligarchs Pursuant to the Russian invasion of Ukraine last year the US and its European allies imposed sanctions against Russian owners of yachts and villas on the presumption that the owners were associated with the Russian government. Initial seizures were impounding of a 213-foot yacht owned by Alexei Mordashov in
Crude storages post Ukraine Conflict The Saudi petrochemical conglomerate Aramco has recently made two strategic ventures with its biggest client.Rongsheng is China’s largest integrated refining and chemicals facility and the controlling owner of Zhejiang Petrochemical Corp (ZPC) and a huge manufacturer of polyesters .Aramco will supply ZPC with petrochemical feedstocks of naphtha and paraxylene being
Kazakhstan Railway as a Logistic Hub After the dissolution of the Soviet Union Kazakhstan inherited a railway system spread over 15,000 km connected to Russia, Kyrgyzstan, Turkmenistan and Uzbekistan. The land mass of Kazakhstan ,a landlocked country, covers an area of 2.7 million sq km. Kazakhstan is developing into a logistic hub between Europe, Middle
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
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
UAE and Indian tanker operators have significantly increased their share of the Russian crude oil trade since EU imposed a ban on imports
