EU Split on Russia Oil Sanctions, Mulls Other Steps
The European Union's foreign ministers disagreed on Monday on whether and how to slap sanctions on Russia's lucrative energy sector over its invasion of Ukraine, with Germany saying the bloc was too dependent on Russian oil to decide an embargo.The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.Russia's siege and bombardment of Mariupol port, which EU foreign policy chief Josep Borrell called "a massive war crime"…
Trading Dutch Well Placed to Pursue Russia Sanctions
The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly by Moscow-backed rebels in eastern Ukraine, of Malaysian Airlines flight MH17 with the loss of 193 Dutch lives, a growing Dutch chorus has called for the country to use its trade power to hit Russia in the wallet. Dozens of Russian firms have chosen to incorporate in the Netherlands to save money on tax, taking advantage of an extensive network of double taxation treaties. The country is also one of Russia's largest trade partners. Rotterdam, the world's fourth largest port, is a major distribution hub for fossil fuels and minerals and was the single largest destination for Russian exports in 2013…
Kvaerner Masa-Yards Breaks the Ice in Russia
Subsequent to evaluation by ExxonMobil, operator of the Sakhalin-1 project in Russia, Kvaerner Masa-Yards Inc., Finland, and Far-Eastern Shipping Company PLC (FESCO), Russia, have signed contracts for the design and construction of two icebreaking stand-by and supply vessels for the Sakhalin-1 project. The contracts are still subject to approval by the Central Bank of Russia and to issues related to post-delivery financing. With the contract for the second ship to be confirmed by early November 2003…
Kvaerner Masa-Yards and Far-Eastern Shipping Company Confirm Contract
On September 5 Kvaerner Masa-Yards Inc. and to issues related to post-delivery financing. be confirmed by early November 2003. Kvaerner Masa-Yards Inc. subjects have been lifted for one vessel. FESCO did not confirm the second vessel contract at this stage. Russia. of 4.000 dwt. azimuthing electric propulsion. EUR 65 million.
