New US sanctions targeting major Russia n oil companies, including state-owned Rosneft and Lukoil, drove the market to the upside. These measures are part of the Trump administration's strategy to pressure Russia regarding the conflict in Ukraine. The sanctions are expected to disrupt Russian exports, immediately tightening global supply and prompting key importers to reassess purchases. The latest EIA report data also supported the impact of the sanctions.
Germany's ex-chancellor Gerhard Schröder on Friday slammed a state parliamentary inquiry into the Nord Stream 2 pipeline from Russia as 'ridiculous' and said he did not regret his role in its controversial construction. The inquiry, at the Mecklenburg-Western Pomerania regional parliament, is looking into political influence around construction of the pipeline between Russia and Germany and possible Russian interventions in favour of the project. The investigation focuses on the state's Climate Protection Foundation that was allegedly used to shield companies involved in building it from US sanctions.
In an expansion of its sanctions targeting Brazil's judiciary, the administration of US President Donald Trump on Monday imposed sanctions on Viviane Barci de Moraes, the wife of Supreme Court Justice Alexandre de Moraes. list of 3 itemsend of list It also imposed sanctions on the Lex Instituto de Estudos Juridicos, a financial entity controlled by Barci de Moraes and other family members that the US government believes could serve as a vehicle to evade pre-existing sanctions, a Treasury Department notice said.
Southeast Asia's cyber scam industry not only threatens the well-being and financial security of Americans, but also subjects thousands of people to modern slavery, undersecretary of the Treasury for Terrorism and Financial Intelligence John K Hurley said in a statement, adding that Americans last year lost more than $10bn from scam operations originating in the region. The department said it had issued sanctions against Tin Win, Saw Min Min Oo and Chit Linn Myaing Co for acting
Unequal treatment reflects a cold combination of political and economic calculations. United States President Donald Trump has threatened to slap new sanctions on Russia and secondary sanctions on countries that buy Moscow's crude in efforts to end the Russia-Ukraine war. While Trump imposed an additional 25 percent tariff earlier this month to a total of 50 percent on India's goods, citing its continued imports of Russian oil, he has not instigated similar punitive actions against China, the largest buyer of Russian energy.