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Tag Archives: u.s. sanctions

Trading house Trafigura wins huge chunk of Rosneft oil supply

MOSCOW/LONDON – Trafigura is emerging as the new king of Russian oil trading, expanding its deal with sanctions-hit Rosneft to export $500 million worth of crude in April from the Baltic, the Mediterranean and Pacific ports, market sources said. The move comes as European Union and U.S. sanctions imposed on Russia last year over its role in Ukraine have severely ...

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U.S. faces meager options for further Russia energy sanctions

WASHINGTON – The United States will struggle to follow through on threats to impose deeper sanctions on the Russian energy sector, as European fears over collateral economic damage leave President Barack Obama’s administration with diminished options. Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world’s top oil producer, and ...

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