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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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May 15, 2025
The Estonian Navy reported that it tried to detain an oil tanker bound for Russia under sanctions by Britain on Tuesday, claiming it had sailed without a flag and sailed in an illegal manner. However, it did not board the vessel when it refused cooperation, instead escorting to Russian waters.
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May 14, 2025
Jean-Noel Barrot, the French Minister of Foreign Affairs said that on Wednesday, EU diplomats announced sanctions on nearly 200 tankers from Russia's "shadow fleet". Sources who spoke anonymously said that although two countries need to consult with their parliaments about the details…
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May 7, 2025
EU sources confirmed on Wednesday that the European Commission had proposed adding 15 new entities and persons to its sanctions framework, including individuals suspected of using chemical weaponry in Ukraine as well as Russian hybrid threats.
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May 6, 2025
Calculations based on LSEG's data show that since April 3, the price of Urals oil in Russian ports along the Black Sea and Baltic Sea has been below the cap set by Western nations. The Group of Seven (G7) countries have introduced a price cap…
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April 28, 2025
Estonia released the oil tanker Kiwala that was detained for not having a valid flag. The Estonian Navy detained the tanker bound for Russia and boarded it on April 11, 2019. The tanker is believed to be a part of the so-called “shadow fleet”…
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April 25, 2025
The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.
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April 25, 2025
The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.
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April 21, 2025
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these stories. Estonia warns that lifting Russia sanctions would harm EU taxpayers. The British Finance…
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April 24, 2025
Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…
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April 24, 2025
Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…
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April 24, 2025
The Crimean Peninsula, which Russia took from Ukraine in 2014., is the focal point of the most serious East-West standoff that has occurred since the Cold War. This issue led to a clash between U.S. president Donald Trump and President Volodymyr Zelenskiy on Tuesday.
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April 22, 2025
It's easy to miss the recent shift in the global wheat market narrative. The world's exportable wheat supply is not expected to drop to a multi-year low in 2024-25, as was predicted by recent trends. The relief may only be temporary. The upcoming harvests of wheat in Russia and Ukraine…
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April 17, 2025
Maria Zakharova, spokeswoman for the Russian Foreign Ministry, said that Estonians' adoption of legal changes allowing their navy to use force on foreign vessels is a provocative act that puts shipping and security at risk in the Baltic Sea.
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April 15, 2025
The Ukrainian president Volodymyr Zelenskiy announced that on Tuesday, representatives from the United Kingdom, France, and Turkey will meet in Turkey to discuss Black Sea Security. Zelenskiy, along with NATO Secretary General Mark Rutte, said…
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on
April 14, 2025
The German finance ministry announced on Monday that a German court would consider a request for the release of an oil tanker believed to be a part of Russia's so-called "shadow fleet" used to circumvent oil sanction. In January, the Panama…
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April 9, 2025
Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.
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April 7, 2025
Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.
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April 6, 2025
Ukraine's officials reported that three women were injured, and several fires started in the aftermath of a Russian air strike on Mykolaiv, a region located in southern Ukraine. Vitaly Kim, the governor of Mykolaiv, posted on Telegram that the attack…
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April 2, 2025
The Kremlin confirmed on Wednesday that a visit by Kirill Dmitriev - the investment envoy of Russian President Vladimir Putin - to the United States to meet with Donald Trump's officials is possible. However, it declined to provide any additional details.
