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The US, Canada and European allies Feb. 26 announced a new slate of sanctions on Russia for its invasion of Ukraine that will bar Russian banks from the international payment system SWIFT and tie the hands of its Central Bank. Details on how the sanctions will be implemented have not been unveiled, so it remains ...
Concern is growing over the impact that a ban announced Feb. 26 on Russian banks using the SWIFT international payment system could have on the trading of Urals crude oil. Russia’s key grade shipped to Europe and the US is medium sour Urals. This crude is mainly sourced from fields in European Russia and West ...
As part of Western sanctions, many of Russias' banks have been banned form the SWIFT system. Saloni Sardana explains what that is, and how the ban will affect Russia
Japan’s largest power generation company JERA does not currently see the latest financial sanctions on Russia, including barring designated Russian banks from the international payment system SWIFT, impacting its LNG imports from the Sakhalin 2 project, a company spokesperson told S&P Global Platts Feb. 28. “While we still need to carefully verify sanctions details, we ...
Consumers around the world will feel the pinch of higher energy prices as demand outpaces supply, increasing the cost of travel, heating and food, S&P Global Platts analysts said. “We are going to see it feeding into all the commodities,” said Chris Midgley, global head of analytics, S&P Global Platts, noting that supply is working ...