6 h. ago FirstFT: Indian and Chinese refineries pause most purchases of Russian oil

FirstFT: Indian and Chinese refineries pause most purchases of Russian oil  Financial Times

Politics

14 h. ago India may sharply cut Russian oil imports after US sanctions: sources

Indian refiners are poised to sharply curtail imports of Russian oil to comply with new US sanctions on two top Russian producers, industry sources have said, potentially removing a major hurdle to a trade deal with the United States. The change comes as India faces punishing 50 per cent tariffs on its exports to the US – with half of those duties in retaliation for Russian oil purchases – and negotiates a potential trade deal that could bring those tariffs in line with Asian peers in exchange...

Politics

15 h. ago Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say

Exclusive: China state oil majors suspend Russian oil buys due to sanctions, sources say  Reuters

Economics

20 h. ago Exclusive: Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources say

Exclusive: Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources say  Reuters

Politics

22 h. ago ‘You can call Modi but can't command Beijing’: Chinese media rejects Trump's Russian oil threat

‘You can call Modi but can't command Beijing’: Chinese media rejects Trump's Russian oil threat  theweek.in

Politics

31 h. ago Ukraine war: US unveils heavy Russia sanctions, says Putin wasn’t ‘honest’

US President Donald Trump has slapped major sanctions on Russia’s two largest oil companies after concluding that Vladimir Putin was not being “honest and forthright” in Ukraine talks, the US treasury chief said on Wednesday. The sanctions came a day after a planned Trump-Putin summit in Budapest was shelved, with Washington expressing its disappointment at the lack of progress in ceasefire negotiations with Moscow. “Given President Putin’s refusal to end this senseless war, Treasury is...

Politics

31 h. ago US sanctions Russian oil giants over Ukraine war as Trump’s patience snaps

US President Donald Trump slapped sanctions on Russia’s two largest oil companies on Wednesday, complaining that his talks with Vladimir Putin to end the Ukraine war “don’t go anywhere”. The European Union also unveiled a fresh wave of sanctions to pressure Russia to end its relentless, three-and-a-half-year invasion of its neighbour, which is allied with both Washington and Brussels. Trump has held off pulling the trigger on sanctions against Russia for months, but his patience snapped after...

Politics

40 h. ago EU to list two Chinese oil refineries, one trader in new Russia sanctions

EU to list two Chinese oil refineries, one trader in new Russia sanctions  Reuters

Politics

3 d. ago Chinese loans fuel Angola’s future cities but analysts cautious over the costs

Since nearly three decades of civil war ended in 2002, Angola has been relying heavily on China – its key financier of post-war infrastructure – to help the southern African country’s government deliver on its promise of a million new homes. When the West was unwilling to finance its projects, Luanda secured loans from Chinese state banks under the so-called Angolan model, using its oil as collateral. Angola became the largest recipient of Chinese financing in Africa, attracting 270 loans worth...

Politics

4 d. ago Trump's Chinese cooking oil threat erased $450B from the S&P 500 in minutes, market watcher says — how to manage when politics greases your portfolio

Trump's Chinese cooking oil threat erased $450B from the S&P 500 in minutes, market watcher says — how to manage when politics greases your portfolio  moneywise.com

Politics

4 d. ago Sanctioned Russian tanker appears to transfer LNG off Malaysia

A dark tanker carrying liquefied natural gas from a US-sanctioned Russian export plant has positioned itself for a rare open-water fuel transfer off the coast of Malaysia, satellite images show, in a demonstration of the increasingly circuitous routes taken by Moscow to evade Western restrictions. The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel about 90 kilometres (55 miles) east of the Malaysian peninsula, according to Sentinel-2...

Events

7 d. ago 3 Singaporeans sanctioned over links to Cambodia’s Chen Zhi scam network

Three Singaporeans have been sanctioned for alleged links to a fraud empire involving a Cambodian conglomerate and its China-born chief executive, as part of the largest crackdown by the United States and United Kingdom on cybercriminal networks in Southeast Asia. Of the three, Chen Xiuling, also known as Karen, has resigned from her position as an independent non-executive director at Taiwan-based live streaming platform 17Live Group, based on a company announcement on the Singapore Exchange...

Politics

9 d. ago UK and US sanction Southeast Asian scam networks exploiting trafficked workers

Britain and the United States on Tuesday sanctioned a Southeast Asia-based multinational network accused of operating large-scale online “scam centres” that used trafficked workers to defraud victims around the world. The British government said the centres, located in Cambodia, Myanmar and across the region, used fake job adverts to lure workers who were then forced to commit online fraud under threat of torture. This included luring victims into fake romantic relationships before persuading...

Politics

1 week ago China sanctions 5 US subsidiaries of South Korean shipping giant

Beijing has announced sanctions against five US-based subsidiaries of the South Korean shipping giant Hanwha Ocean, accusing the firm of cooperating with Washington in its curbs on China’s maritime sector, according to a statement from the Ministry of Commerce on Tuesday. “Hanwha’s US-based subsidiaries have assisted and supported the US government in conducting the 301 investigation and imposing measures against China’s maritime, logistics and shipbuilding industries. China expresses strong...

Politics

2 w. ago US imposes sanctions on China refinery over Iran oil purchases

The US imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran’s oil and petrochemicals trade, the administration of President Donald Trump said on Thursday. The US Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has bought millions of barrels of Iranian oil since 2023. It also sanctioned China-based Rizhao Shihua...

Politics

2 w. ago China sanctions US defence firms, chip data provider in latest curbs

Beijing has announced sanctions on a slew of Western companies and institutions in the defence sector and a leading semiconductor data analysis provider, marking its latest salvo amid ongoing trade tensions with the United States. Fourteen entities, mostly headquartered in the United States, were added to Beijing’s unreliable entity list on Thursday, banning them from trade and investment in China, according to a statement from the Ministry of Commerce. Among the companies on the list is...

Politics

2 w. ago Sapped by war and sanctions, Iran seeks Chinese arms as payment for oil

Sapped by war and sanctions, Iran seeks Chinese arms as payment for oil  ایران اینترنشنال

Events

2 w. ago Return of Iran sanctions a moment of reckoning for China and the world

The rejection of the Russian-Chinese proposal at the UN Security Council on September 26 closed the final diplomatic window to delay the return of sanctions against Iran. This moment signals a turning point in Gulf security and global power dynamics. For Tehran, already battered by inflation and economic isolation, the return of sanctions narrows options and makes asymmetric responses more likely. The Strait of Hormuz, through which nearly one-fifth of global oil supply passes, remains Iran’s...

Politics

3 w. ago Iran hangs man accused of being Israeli spy after UN reimposes sanctions

Iran said on Monday it hanged a man accused of spying for Israel, the latest as Tehran carries out its largest wave of executions in decades. Iran identified the executed man as Bahman Choobiasl, whose case was not immediately known in Iranian media reports or to activists monitoring the death penalty in the Islamic Republic. However, the execution came after Iran vowed to confront its enemies after the United Nations reimposed sanctions on Tehran over its nuclear programme this weekend. Iran...

Politics

3 w. ago Vietnam is too important for US to sanction despite Russia ties

While it has China as its main trade partner and the United States as its primary export destination, Vietnam is strengthening its economic, political and military ties with Russia. The country is carefully balancing its relations with all three powers while trying to get the most economic and strategic benefit from each. Russian President Vladimir Putin’s 2024 visit to Vietnam seems to have been mutually beneficial. On the one hand, it allowed the Kremlin to demonstrate to a Russian audience...

Politics