Energy

The UK unveiled its biggest Russia sanctions package in years on Tuesday, targeting Moscow’s shadow fleet and the key networks and infrastructure that have helped keep crude exports flowing since the start of the Russo-Ukrainian war.

Hungary plans to block an EU sanctions package targeting Moscow and major new loans intended for Kyiv unless oil shipments resume through the Druzhba pipeline crossing western Ukraine. 

An IT misconfiguration has exposed an apparent network of oil traders that has helped move at least $90 billion of Russian crude and has become central to keeping export revenues flowing to the Kremlin, the Financial Times reported Friday. 

U.S. and Iranian officials are describing progress in their ongoing nuclear negotiations even as both sides accelerate visible preparations for a conflict that officials and analysts now frame as a genuine near-term risk.

Businesses attempting to navigate the shifting shoals of international tariffs, sanctions, and export controls are increasingly turning to trade-compliance professionals for guidance.

Ukraine’s anti-corruption authorities on Monday accused former energy minister German Galushchenko of laundering millions of dollars in kickbacks in a high-profile corruption case that has shaken the wartime government.

The U.S. Office of Foreign Assets Control (OFAC) on Friday issued a general license clearing the way for certain large oil companies to invest in new operations in Venezuela. 

The European Commission has proposed a blanket ban on cryptocurrency transactions linked to Russia and new trade restrictions on Kyrgyzstan in an effort to close loopholes used by Moscow to fund its war in Ukraine. 

The Trump administration on Tuesday authorized U.S. companies to supply Venezuela with equipment, technology, and other support for oil and gas production, issuing a new general license that expands what American firms can do in the country’s energy sector.

El Salvador’s top prosecutor has effectively halted a money-laundering investigation into a Venezuela-financed oil venture whose funds flowed into bank accounts linked to President Nayib Bukele.