Indonesia will lift its three-week-old palm oil export ban starting May 23 following improvements in domestic cooking oil supply, President Joko Widodo announced on Thursday. Widodo said in a video statement that the supply of bulk cooking oil had now …
The Russian Ministry of Foreign Affairs has submitted a list of international agreements for the possible denunciation to the Russian State Duma. According to Petr Tolstoy, vice-speaker of the Duma, quoted in a report by Kommersant newspaper, the World Trade …
Azerbaijan said Tuesday that it has emerged as a hub for transporting goods to the European Union countries, and assured to work more to improve this supply chain. “We are not transporting goods to the EU countries only but also …
India, the second-largest producer of wheat, banned exports of wheat after a scorching heatwave caused a spike in domestic prices, threatening local food security amid strong global demand. In a Commerce Ministry notice, the Indian government said the decision was …
China urged the United States to reconsider and cancel the additional tariffs imposed on Chinese goods “as early as possible.” Chinese Foreign Minister Zhao Lijian said on Wednesday that the additional tariff imposed on Chinese goods was not in the …
Russian ships have continued to unload oil in Europe despite the European Union’s proposed complete import ban on all Russian oil. Gazprom announced Sunday that the company has continued delivering gas to Europe through Ukraine. A company spokesperson said that …
The European Union is reportedly set to propose phasing out of Russian oil ahead of plans to stop importing Moscow’s highly lucrative energy products by the end of the year. The EU’s executive branch, the European Commission, is drafting a …
Algeria warned on Wednesday that it would stop delivering gas to Spain if Madrid re-exports supplies to other countries, citing tensions over plans to divert Algerian gas to Morocco. Algeria’s Energy and Mines Minister Mohamed Arkab said his Spanish counterpart …
The European Commission proposed on Wednesday to temporarily suspend import duties on all Ukrainian exports to support the trade flows from Ukraine to the European Union. The commission said that the present war in Ukraine has affected the country’s ability …
Merchant ships sailing the Black Sea are facing insurance costs as high as $5 million to include additional war-risk premium. Underwriters are charging 10 percent of the ship’s hull or the vessel’s worth as an asset. A $50 million tanker …
