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    How much will the fight with Kanye West cost Adidas?

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    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

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    Jerome Powell warns Fed could raise rates further

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    JPMorgan: “zero-day” options contracts would sink SPX

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    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

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    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

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    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

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    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

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    The fall in Alibaba’s earnings softens

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    Is it better to invest in Stellantis or in Ford and GM?

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    The biggest investment mistakes made by Warren Buffett

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    Which stocks are attractive for investing in IoT and robotics

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    Mixed results for Uber Technologies in 2022

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    Tesla prepares a Model Y update: what we know about “Juniper”

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    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

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    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

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    SEC reportedly preparing a battle against stablecoins

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    Manchester City token collapses for this reason

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  • Home
  • News
    How much will the fight with Kanye West cost Adidas?

    How much will the fight with Kanye West cost Adidas?

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

    Jerome Powell warns Fed could raise rates further

    Jerome Powell warns Fed could raise rates further

    JPMorgan: “zero-day” options contracts would sink SPX

    JPMorgan: “zero-day” options contracts would sink SPX

    Used cars prices rise unusually in the U.S

    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

  • Markets
    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

  • Investing
    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

    Which stocks are attractive for investing in IoT and robotics

    Which stocks are attractive for investing in IoT and robotics

    Mixed results for Uber Technologies in 2022

    Mixed results for Uber Technologies in 2022

  • Technology
    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

    Alphabet board confesses doubts about Bard

    Alphabet board confesses doubts about Bard

    Advantages and disadvantages of AI, according to Bill Gates

    Advantages and disadvantages of AI, according to Bill Gates

  • CryptocurrenciesTRENDING
    Circle’s exposure to SVB is $3.3 billion

    Circle’s exposure to SVB is $3.3 billion

    Crypto crisis drives Silvergate into bankruptcy

    Crypto crisis drives Silvergate into bankruptcy

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

    Shanghai: a glimpse of Ethereum’s next update

    Shanghai: a glimpse of Ethereum’s next update

    Manchester City token collapses for this reason

    Manchester City token collapses for this reason

INVESTOR TIMES
Home Markets
ACTUALIZADO: November 23, 2022

G7 proposes to block Russian oil transit

The agency's statement is based on preventing Russia's gains due to the high cost of energy prices

Eric Nesich by Eric Nesich
8/2/2022 - 15:41
in Markets, News
Reading Time: 2 mins read
Share on FacebookShare on TwitterShare on LinkedIn
  • New G7 communiqué proposes blocking Russian fuel transit.
  • The measure is a response to declining gas shipments to Europe from Russia.
  • It seeks to establish a fixed price for the transport of oil.

The dispute between the countries of the West and Russia is far from wanting to stop. In recent weeks Russia has been in the energy news for gradually restricting gas shipments to Europe, complicating future plans for the winter season. Today the G7 released a communiqué assessing that options are being studied to prevent Russia from benefiting from high energy prices. One of those options is to block the transport of Russian oil. Unless a fixed or lower price is set below it.

The statement was released by Britain. It considers “A complete ban on all services allowing the maritime transport of Russian crude oil and petroleum products globally, unless the oil is purchased at a price below or equal to that agreed in consultation with international bodies.”

The G7 countries as a whole and the EU High Representative for Common Foreign and Security Policy, Josep Borrell, condemned“Russia’s attempts to weaponize energy exports and use them as a tool of geopolitical coercion”. He also stated, “We will act in solidarity and close coordination to mitigate the impact of supply disruptions on the world’s economies and citizens.”

The G7 communiqué continued in the same vein:“In considering this and other options, we will also consider mitigation mechanisms alongside our restrictive measures to ensure that the most vulnerable and impacted countries maintain access to energy markets, including from Russia”.

The measure that could be implemented is a response to what some call “blackmail” by Russia in its handling of gas shipments to Europe. However, if implemented, it would lead to an open “energy war” between the two fronts.

The G7 of developed economies is composed of Canada, France, Germany, Italy, Japan, Great Britain and the United States. Energy prices have skyrocketed recently due to the war between Russia and Ukraine. The G7 countries are looking for alternatives to energy shortages while trying to respect their climate commitments, which is currently difficult in this context.

“As we remove Russian energy from our domestic markets, we will seek to develop solutions that reduce Russian hydrocarbon revenues and support global energy stability,” remarked Joseph Borrell.

Russia accuses the U.S. of taking an active part in the war with Ukraine

Russia today accused the United States of direct involvement in the conflict with Ukraine following statements made by Vadym Skibitsky, Ukraine’s deputy military intelligence chief, to the British newspaper Telegraph

Skibitsky said there were consultations between U.S. and Ukrainian intelligence officials prior to the attacks. He also acknowledged that Washington has an effective veto over war targets.

Russia’s Defense Ministry said that Ukrainian military intelligence statements prove that Washington is immersed in the conflict. Despite U.S. claims about only limiting itself to supplying arms to Ukraine so as not to confront Moscow.

“All this undeniably proves that Washington, contrary to what the White House and the Pentagon claim, is directly involved in the conflict in Ukraine,” the Russian Defense Ministry said in a statement.

Tags: EnergyG7Russian oil and gasVladimir Putin

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How much will the fight with Kanye West cost Adidas?
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