China Moves To Restrict Financing For Russian Commodities

China Moves To Restrict Financing For Russian Commodities

According to Bloomberg, the Industrial and Commercial Bank of China (ICBC) has ceased the issuance of dollar-denominated letters of credit for physical Russian commodities purchases. Beijing’s move is an apparent attempt to comply with U.S. and European sanctions. On...
Quote of the Day

Quote of the Day

“Most EU leaders, even the ones in the East who grasp the danger Putin represents, are a generation removed from confrontation and conflict. They are vegetarians in a steakhouse, wondering why there’s no salad on the menu.” Garry Kasparov, Chair...
Schachter’s Eye on Energy for February 24

Schachter’s Eye on Energy for February 24

Each week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
Map Explainer: Key Facts About Ukraine

Map Explainer: Key Facts About Ukraine

The modern state of Ukraine was formed nearly 30 years ago after the collapse of the Soviet Union in 1991. Since then, the country has often made headlines due to political instability and the looming threat of a Russian invasion. In the map graphic above, we examine...
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