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Cost to Ship Russian ESPO Oil to China Triples

China response key to crude oil after new sanctions on Russia: Russell

By Clyde Russell LAUNCESTON, Australia (Reuters) -"This time it's different" is a well-worn cliché that seems to be getting another whirl with the latest U.S. sanctions against Russia's crude oil exports.

Bloomberg L.P. · 13h

Cost to Ship Russian ESPO Oil to China Triples After Sanctions

The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher, according to traders.

TradeWinds · 11h

Tanker rates more than triple from Russia to China as US sanctions hike profit

Charterers are paying three times as much to ship Russian crude from Kozmino to China following US sanctions on 183 more ships last week. Traders told Bloomberg that Chinese importers are fixing tankers for between $5m and $5.5m for a short trip that used to cost $1.5m.

Russia, sanctions

UPI News on MSN · 1d

U.S. issues sanctions to combat Russian sanctions-evasion scheme

The Treasury Department on Wednesday announced sanctions connected with Russian secret payment channels created to skirt U.S. restrictions and a Kyrgyzstan financial institution that supports the Krem

Reuters on MSN · 1d

U.S. issues fresh round of sanctions against Russia

The United States on Wednesday took fresh action targeting Russia over its invasion of Ukraine, taking aim at efforts to circumvent U.S. sanctions as Washington continues to increase pressure on Moscow in the final days of the Biden administration.

Kyiv Independent on MSN · 1d

US targets China-Russia sanctions evasion scheme with new measures

The U.S. Treasury Department has targeted actors involved in a sanctions evasion scheme facilitating cross-border payments for sensitive goods between China and Russia as part of a new package of sanctions,

China, US

Reuters on MSN · 13h

China to investigate US subsidies to mature node chips

China will launch an investigation into U.S. government subsidies to its semiconductor sector at the request of China's mature node chip industry, the commerce ministry said on Thursday. Unlike the cutting-edge chips used to power artificial intelligence,

Bloomberg on MSN · 12h

China Begins Probe Into US Chip Grants, Alleged Dumping

China will investigate allegations that the US dumps lower-end chips and unfairly subsidizes its own chipmakers, in potentially one of Beijing’s strongest retaliatory moves against American technology sanctions.

Investing.com on MSN · 12h

China initiates probe into US chipmakers over alleged unfair practices- report

China is launching an investigation into whether the United States is unfairly subsidizing its chipmakers and dumping lower-end chips, marking one of Beijing's most serious countermeasures against American technology sanctions to date.

2don MSN

‘Enough is enough’: New report warns top US companies at risk of hefty fines from possible China sanctions

A new report warns that over 80 Fortune 100 companies are doing significant business in China and that they could face ...

China Pounces on Russia's Fire Sale of Prized Assets

In December, Russia reportedly sold its stakes in certain Kazakh uranium deposits to Chinese-owned companies. This involved Kazakhstan's nuclear resources company, Kazatomprom, and Russia's Rosatom ...

China's 2024 chip imports surged 10.4% to US$385 billion amid tighter US tech sanctions

Chinese firms rushed to stockpile semiconductors in 2024, driving double-digit expansion of integrated circuit (IC) imports, ...

The Associated Press - Business News on MSN10d

China protests US sanctions for its alleged role in hacking, complains of foreign hacker attacks

Asked about the sanctions against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo ...

Trump Treasury Nominee Scott Bessent: More Sanctions Could Bring Russia "To The Table" On Ukraine

Scott Bessent, Donald Trump's nominee for Treasury Secretary, said during a confirmation hearing Thursday that he is ...

13don MSN

China Adds to Sanctions of U.S. Defense Contractors Over Taiwan Arms Sales

Beijing sent a fresh warning to President-elect Donald Trump of the tools it can use to protect national interests.

11don MSN

China fires shot across Trump’s bow with defense sanctions

China’s decision this week to slap several major U.S. defense firms with penalizing trade measures is being viewed as a “shot ...

3don MSN

Putin Shadow Fleet's Sanctions-Hit Tankers 'Stranded' off China Coast

The vessels Mermar, Huihai Pacific and Olia carrying more than 2 million barrels of oil left Russian ports earlier in January ...

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Cost to Ship Russian ESPO Oil to China Triples

Russia, sanctions

China, US

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