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▪️ Sanctions against Russia are expected to cause significant disruptions in Russian oil exports to its key buyers – India and China, according to sources in Russian oil trading and Indian refining industries. ▪️ Washington will sanction two of Russia’s largest oil companies – Gazprom Neft and Surgutneftegaz – as well as insurance firms Ingosstrakh and AlfaStrakhovanie, which cover the majority of vessels transporting Russian oil to India. ▪️ Until now, hundreds of vessels and many Russian oil traders had avoided the most severe U.S. sanctions, as the Biden administration sought to balance tightening sanctions with preventing a spike in global oil prices. ▪️ Indian refiners will refrain from accepting Russian oil shipped on vessels under sanctions or insured by Russian companies targeted by sanctions, according to sources in Indian refining companies. ▪️ The document states that the U.S. Treasury will allow a transition period until March 12, enabling the completion of some energy-related transactions. ▪️ According to an Indian refining industry source, this could lead to a price drop, as Russia may lower its oil prices below $60 per barrel to ensure compliance with the Western price cap, allowing Western insurers and tankers to handle the oil. submitted by /u/XGramatik |
“How the UK Lost the Battle Against Illegal Migration” – this is undeniably about the economy. You wouldn’t give a broken penny for property in residential areas with a high concentration of illegal migrants. If shorting real estate here is an option – start now. The entire burden falls on taxpayers
Visegrád 24: How the UK Lost the Battle Against Illegal Migration. The UK government has been battling illegal migration for