Brussels would propose tariffs on Russian oil if European Union member states refused to enforce the embargo on Russian oil imports. A European Commission official said that Brussels could resort … Read more
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 … Read more
Indonesia will widen an export ban on its edible oils to include crude palm oil, adding to worries of a global shortage in cooking oil that could worsen food inflation. … Read more
The US Senate has unanimously passed HR7108, the legislation to suspend normal trade relations with Russia and Belarus in response to the invasion of Ukraine. HR7108 would end Russia’s status … Read more
The Kingdom of Saudi Arabia informed Turkey on Wednesday that it has lifted all restrictions on exports of goods, raising hopes of resumption of exports which significantly reduced trade value … Read more
Lebanese authorities on Tuesday said they have thwarted an attempt to smuggle a large quantity of Captagon pills concealed in tea shipment to Saudi Arabia. Lebanese Interior Minister, Bassam … Read more
The World Trade Organization (WTO) has granted Canberra’s request to examine China’s tariffs on imported Australian wine, one of the several disputes from the ongoing trade war between the two … Read more
The United States imposed an arms embargo and new export restrictions on Cambodia to address human rights abuses and corruption, as well as the growing influence of China’s military, the … Read more
China has reportedly removed Lithuania from its customs registry a few weeks after it officially downgraded its diplomatic ties with the Baltic state for allowing Taiwan to open a de … Read more
China has started unloading imported Australian coal that were left stashed outside Chinese ports for a year since Beijing blocked trades with Canberra. Traders report that some stranded cargoes of … Read more