oil

The United States has excluded Cuba, North Korea and occupied Crimea from the permit for transactions with Russian oil.

Russia has sent two oil and gas tankers to Cuba. If the ships reach Cuba, they will be the first energy supplies to the island in three months.

The European Commission has proposed a “Black Sea” model for unblocking oil and gas exports through the Strait of Hormuz.

The pause in sanctions will be in effect until April 11 and also applies to a number of related services – in particular, insurance, mooring and pilotage.

The French President believes that the blockade of the Strait of Hormuz does not justify the lifting of sanctions against Russian oil.

Spanish agricultural associations complain about Ukraine’s introduction of a 10% duty on the export of sunflower, rapeseed and soybean seeds, which has led to “unfair competition in the European oil market.”

Journalists have uncovered a scheme to circumvent sanctions that allowed Russia to export at least $90 billion worth of oil.

The US Treasury Department explained the decision by the need to maintain supplies on the global market amid disruptions due to the crisis around the Strait of Hormuz.

In February, Ukraine exported 5 million tons of agricultural products – 0.3% more than in the same period of the previous month.

Russian oil pipeline monopoly Transneft has cut crude oil flows into its system by a quarter.