Global Shipping at Crossroads as Carbon Pricing Decision Confronts US Resistance
International shipping faces a pivotal moment as member states of the International Maritime Organization prepare for Friday’s crucial vote on…
Tag: Economic sanctions
Western Nations Intensify Efforts to Curb Russian Oil Purchases by Major Asian Economies
The United States and Britain are escalating efforts to limit Russia’s oil revenue streams amid ongoing conflict in Ukraine. Recent developments include diplomatic pressure on India and new sanctions targeting Russian and Chinese energy entities involved in petroleum trade.
Diplomatic Pressure Mounts on Asian Oil Buyers
Western powers have significantly increased pressure on key allies and trading partners to reduce their reliance on Russian oil exports, according to recent reports from diplomatic and industry sources. The coordinated effort comes as the conflict in Ukraine continues to impact global energy markets and international relations.