North Asia

Kremlin has been taking possessions of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to claims over halted projects or blocked funds amidst Western sanctions. Below is a list of the companies impacted up until now. AGROTERRA Russia took companies of farming group AgroTerra and put them under momentary management in April, including some backed by Dutch investment companies. AMEDIA Putin signed a decree moving Amedia's former assets to state management in September 2023, after the Norwegian publisher left control of its Russian printing houses to Russian journalist Dmitry Muratov in April...

Gazpromneft Moscow refinery suspended operations at combined refining system Euro+, that includes crude distillation unit CDU6, after a fire on Sunday, three sources told Reuters on Monday. The plant may resume oil processing at Euro+ system after repair work in some 5 to 6 days, the sources included. The Moscow refinery in the southeast of the Russian capital was struck in a current drone attack on Sept. 1, when Ukraine was also targeting Russia's power plants. The Moscow plant is owned by Gazpromneft, the oil arm of Russian gas giant Gazprom. Gazpromneft did not reply to a Reuters ask for...

Local authorities reported that a fire broke out on Thursday in the Russian port Kavkaz, located in southern Krasnodar Region. This was the result of an attack by Ukrainians on a fuel tank-laden ferry. In the statement, it was stated that the extent of the fire as well as any potential injuries are being assessed. Ukraine has not yet commented on the incident. Local task forces said that a special fire-fighting train had been dispatched to the scene. Over 100 people are involved in fighting the fire. Fyodor Baenkov, the head of Temryuk District, told Telegram that the ferry had...

Ukraine's grain exports through the Romanian Black Sea port of Constanta fell 43%. yearonyear in the first 7 months to 4.62 million metric. tons, the port authority informed Reuters, as Kyiv has had the ability to. rely on its own ports this year. Constanta stays Ukraine's primary alternative route for grain. since Russia's full-blown invasion in 2022 and the port has actually seen. an increase of European Union mutual fund targeted at increasing. its capability. However Ukraine has actually handled to produce a shipping passage that. hugs the western Black Sea coast near Romania and Bulgaria after. a U.N.-backed export...

Traders are moving Russian diesel freights to a new shiptoship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels bring fuel packed in Russian ports, LSEG and market sources data reveal. Given that a complete European Union embargo on importing Russian oil products worked in February 2023, traders have diverted diesel exports from Russian ports to Brazil, Turkey, nations in Africa, Asia and STS loadings. STS loadings make it harder for Western nations to trace sell Russian oil items. International waters off Greece's Laconian Gulf became one of the most popular places for STS loading of...

Oil tanker Destan, carrying about 740,000 barrels of Russian oil for refiner Indian Oil Corp. , has actually been awaiting more than 10 days to berth at a. port in western India due to the fact that of a technical concern, five sources. acquainted with the matter stated. Indian companies including the nation's leading refiner IOC buy. Russian oil on a delivered basis and their liability arises only. after the discharge of the cargo. Sources said there were technical issues with the vessel. that are avoiding it from berthing. The vessel reached Vadinar port on July 22-23 bring. 99,000-100,000 metric...

Ukrainian farming holding Nibulon has actually signed a new deal with Romanian transportation firm TTS to export 1.6 million metric lots of grains for the 2024/25 season, it said on Tuesday. One of Ukraine's biggest grain exporters, Nibulon can not utilize its grain terminal in the southern city of Mykolaiv due to the Russian intrusion. Rather it is required to export by means of the ports of Danube and Romania's Constanta. S.C. Transportation Trade Services SA (TTS) is a Romania-based business engaged in water transportation services. The choice was a sensible continuation of the productive two-year cooperation between the two...

Saudi Arabia imported fuel oil from Kuwait for the first time in more than 2 years in July to assist meet peak summertime power demand while marked down products from Russia fell, according to trade sources and shipping data. Imports of Kuwaiti high sulphur fuel oil (HSFO) went beyond 180,000 metric loads (about 37,000 barrels daily), data from shipping analytics companies Kpler and Vortexa showed, the kingdom's. first fuel buy from Kuwait considering that May 2022. Saudi demand is keeping more Kuwaiti supply in the Middle. East, supporting benchmark costs in Singapore amid a total. decrease in Middle Eastern exports....

Saudi Arabia imported fuel oil from Kuwait for the very first time in more than two years in July to help fulfill peak summer season power need while discounted products from Russia fell, according to trade sources and delivering information. Imports of Kuwaiti high sulphur fuel oil (HSFO) exceeded 180,000 metric heaps (about 37,000 barrels daily), information from delivering analytics firms Kpler and Vortexa revealed, the kingdom's. initially fuel buy from Kuwait since May 2022. Saudi need is keeping more Kuwaiti supply in the Middle. East, supporting benchmark costs in Singapore amid an overall. decrease in Middle Eastern exports. The...

A Russian drone attack harmed port infrastructure and industrial and property structures early on Wednesday, injuring 3 people in the southern Ukrainian city of Izmail on the River Danube, regional officials stated. The attack damaged numerous buildings in the port, caused a. fire and likewise damaged three trucks, Oleh Kiper, guv of the. Odesa area, stated in a statement. A five-storey property structure was harmed throughout the. attacks that smashed its windows and stairwells, and destroyed a. part of its exterior, officials stated. Ukrainian air defences shot down 17 of 23 drones that were. launched from Russian territory and the...

Paying claims for ships involved in mishaps or crashes with other vessels covered by sanctionshit Russian insurance company Ingosstrakh will show challenging, UK ship insurance provider West said, in another sign of problems with Moscow's oil trade. In June Ingosstrakh, which offers services to Russian oil exporters including ship insurance coverage cover, was added to the UK's. sanctions list of Russian entities in what the British. government stated became part of efforts to increase financial. pressure on Moscow. West is among 12 clubs providing security and indemnity. insurance to ships, which covers third-party liability claims. including ecological damage and injury....

MOSCOW, July 17 (??????) - Russia has delivered its first grain from a brand-new terminal at the Baltic Sea port of Ust-Luga, the Russian farming watchdog informed , as the nation looks for to diversify its grain export routes. The very first shipment of 12,000 metric lots of grain was made in June from the Lugaport terminal, owned by the Russian private transportation business Novotrans. LSEG data revealed the shipment is predestined for Cuba. About 90% of all Russian grain exports go through the Black Sea terminals. Russia, the world's leading wheat exporter, has been seeking to increase deliveries via...

Russia will increase oil exports via its western ports to 1.98 million barrels each day ( bpd) in September, up by just 30,000 bpd from August, in spite of anticipated start of seasonal maintenance on Russian refineries, two trade sources stated on Friday. Russia needs to supply its own market with sufficient petroleum to produce motor fuels important to meet demand, however usually local refineries begin big seasonal maintenance and cut runs, which leads to greater accessibility of crude oil for exports. Russia's August oil shipments from Primorsk, Ust-Luga and Novorossiisk will rise just 1.5% every day from August plan,...

Subur, the Russian petrochemical company, plans to issue domestic bonds by the end of this year to finance the Amur Gas and Chemical Complex (GCC), said Chief Executive Mikhail Karisalov on Friday. However he did not reveal the size of the bond. Amur Complex in Russia's Far East is a joint-venture with Sinopec, which will start in 2027. It will become one of the largest polyethylene and polypropylene producers in the world. Karisalov told the Eastern Economic Forum, held in the Pacific port city of Vladivostok, that "we are already at an advanced stage" with the preparations for the bond...

Ukraine's leading mobile operator Kyvistar will ramp up financial investments to enhance its energy durability amidst Russia's intensified attack on the nation's. power grids, CEO Oleksandr Komarov informed Reuters on Thursday. Ukraine has been facing a significant energy deficit considering that. Moscow restored its attack on power grids and transmission lines. last spring, triggering day-to-day blackouts of approximately 12 hours in major. cities consisting of the capital Kyiv. The nation's telecoms regulator stated in July that mobile. operators must be able to cover failures of approximately 10 hours at. their stations from February, instead of the four needed now. We...

Ukraine and U.N. nuclear firm IAEA have concurred that the agency's professionals will keep an eye on the scenario at essential Ukrainian substations in addition to nuclear plants, Ukraine's primary nuclear inspector said on Thursday. Over half of the electricity consumed in the nation is created at three nuclear reactor, but Russian missile and drone attacks on substations threaten the stable operation of nuclear power plants, Oleh Korikov told a televised instruction. It was concurred that IAEA would broaden its functionality, its presence in Ukraine, which electrical substations, which are important for the safety of nuclear power plants, would likewise...

President Vladimir Putin stated on Thursday that Russia aims to keep pumping gas through Ukraine to the European Union but included that Moscow could not force Kyiv to keep the transit agreement which expires at the end of this year. As for Ukraine, we are not abandoning this transit, strangely enough. Why? Since we, and Gazprom, intend to satisfy all our commitments to our consumers with whom we have long-term agreements, Putin said. There is a transit contract that ends on December 31 of this year. However if Ukraine refuses this transit, well, we can't. force it, Putin stated. Putin...

Gazprom Neft , the oil arm of Russian energy giant Gazprom , will start gas output at its Chona task in Eastern Siberia and will have facilities in location for oil output there in 2026, business head stated on Thursday. Far-flung hydrocarbon riches in Eastern Siberia are important for Russia's oil and gas production as fields in Western Siberia are ending up being progressively depleted after a number of years of production. The company sees terrific possible for projects in Eastern Siberia, because they are concentrated on the supply of hydrocarbons to promising markets in the Asia-Pacific countries, Alexander Dyukov...

Capability was reduced at one system of the South Ukraine nuclear reactor after Russian attacks harmed the nation's electrical power transmission system, nuclear company Energoatom stated on Wednesday. No mishaps happened at the South Ukraine nuclear power plant, Energoatom said on Telegram messenger. Instead, it stated output was lowered after hostile shelling of Ukrenergo's facilities and significant fluctuations in the criteria of the grid. Energoatom stated electricity generation at the unit was reduced by 33% however did not specify when this occurred. Ukraine's energy infrastructure has gone through increased Russian missile and drone attacks in current months. Authorities have said...

On Tuesday, Russian President Vladimir Putin was welcomed with a red-carpet welcome in Mongolia. Ukraine had criticised the country for failing to arrest Putin under an international criminal court warrant. Putin was welcomed by his Mongolian counterpart Ukhnaagiin Khurelsukh as he exited his limousine at Ulaanbaatar's capital in front of a line of guardsmen wearing pointed-top helmets on horses. The Kremlin Leader knelt down to kiss a girl who had come forward to greet him in Russian, and give him flowers. A warrant of arrest issued by the International Criminal Court last year for Putin obliges its 124 members, including...

2 independent members of the supervisory board of Ukraine's nationwide power grid operator resigned on Tuesday, saying they believed the choice to dismiss the operator's head was politically motivated. On Sept. 2, a bulk of Ukrenergo supervisory board members chose terminate early the powers of Volodymyr Kudrytskyi after he provided a report on ensuring the security of grid facilities throughout Russian attacks. Today, on September 3, we have actually sent our composed notifications about the early termination of powers as members of the Company's Supervisory Board, chairman of the board Daniel Dobbeni and board member Peder Andreasen stated in a...

The head of Ukrenergo, Ukraine's. power transmission network, was dismissed on Monday, public. broadcaster Suspilne priced quote sources as stating, on grounds of. failing to secure energy centers. Suspilne stated Volodymyr Kudrytskyi was dismissed by a vote. of 4-2 by the business's Supervisory Board. It stated he would be. changed by Oleksiy Brekht. There was no instant remark from Ukrenergo, Ukraine's. Energy Ministry or senior Ukrainian authorities. The choice comes after a meeting last week of. President Volodymyr Zelenskiy and leading military officers that was. devoted to a wave of Russian attacks on energy targets. Energy. Minister Herman Halushchenko remained...

Freight rates to ship Russia's Urals crude to India have actually fallen even more and remain at their least expensive because Western nations introduced a cost cap late in 2022, boosting the economics of Moscow's oil exports, market sources informed Reuters on Monday. Costs for Urals in India have actually likewise enhanced, keeping price quotes on a FOB basis in Russian ports . practically $10 above the cost cap limitation, Reuters. estimations shows. The Group of 7 countries (G7), including the United. States, and the EU have imposed a price cap on Russian seaborne. deliveries of crude oil considering that...

A car dealer that was taken by the Russian state and consequently nationalised stated on Monday that Umar Kremlev, head of the International Boxing Association, had become its brand-new owner. President Vladimir Putin put Rolf, Russia's biggest cars and truck dealership, under momentary state management in December 2023, a. relocation the company's creator Sergei Petrov referred to as a blow to. Russia's financial investment landscape. Moscow has actually placed a variety of foreign-owned properties under. momentary management, including those owned by Danish brewer. Carlsberg and Finnish utility company Online forum. , but the move against Rolf was the very first...