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OFAC Alert: Sanctions Risk for Foreign Financial Institutions that Join Russian Financial Messaging System, System for Transfer of Financial Messages(November 21, 2024).
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In this episode, senior oil market analysts Rebecca Schulz and David Martin examine how the plunge in shipping through the Strait of Hormuz – one of the world''s most critical energy chokepoints – is
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OFAC Alert: Sanctions Risk for Foreign Financial Institutions that Join Russian Financial Messaging System, System for Transfer of Financial Messages (November 21, 2024)
Since the EU introduced the oil price cap and other energy-related sanctions, Russia''s oil and gas revenues have fallen by almost 80% compared to before the war.
Russia was the world''s second-highest producer of crude oil and condensate as well as dry natural gas and was the world''s third top exporter for coal and natural gas in 2023.1
Transneft, Russia''s state-owned pipeline company and the world''s largest pipeline company, transports more than 80% of Russia''s crude oil. 17 Russia''s refineries processed 5.4 million b/d of oil in 2024.
Payments may only be made in Russian rubles to a special type “C” account at a Russian bank. These restrictions are in place until at least 30 September 2024, pending an additional extension.
E.O. 14024 establishes a new national emergency under which sanctions may be imposed against individuals and entities furthering specified harmful foreign activities of the Russian
Data compiled by the United Nations Statistics Division covers approximately 200 countries and represents more than 99% of the world''s merchandise trade. Information can be extracted in a variety...