As the Biden Administration considers ways to lower the price of gasoline in the United States, which is now at a seven-year high, it faces calls from Democrats to weigh all possibilities, including the “nuclear option” to reimpose a ban on US crude oil exports. Analysts and industry professionals don’t …
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“As of October 18, the gas-in procedure for the first string of the Nord Stream 2 pipeline has been completed,” the company said in a press release, adding, “As planned and in line with the system design requirements, the string is filled with some 177 million m3 of so-called technical …
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The measures, imposed on September 7, could catastrophically affect Russian manufacturers’ shipments to the US, which exceed $100 million annually. American importers bought more than 765 million rounds of ammunition from Russia in 2020. The sanctions restrict the “permanent import” of small arms and ammunition to the US by automatically …
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The 50% export duty for sunflower seeds, at no less than $320 per ton, will be effective till August 31, 2022. The previously introduced 30% export duty for rapeseed is prolonged until the same date. At the same time, export tax for soybeans has been reduced. Starting from July 1, …
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The duties will not affect exports to member states of the Eurasian Economic Union, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. According to the Minister of Economic Development Maxim Reshetnikov, an export duty is determined by an increase of prices for metals globally, and in Russia as well. “Over …
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The export duties on unprocessed timber with a moisture content exceeding 22% come into effect starting July 1, and remain in force until the end of the current year. The measure will reportedly help to limit exports of rough unprocessed wood produce, as well as to hold down the price …
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Speaking on Wednesday, European Commission Executive Vice-President Valdis Dombrovskis said the EU and its member states would now evaluate, on a case-by-case basis, whether vaccine shipments will be allowed to leave the 27-nation bloc, but under new criteria. The criteria, which had previously been touted by EC President Ursula von …
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“I understand Italy,” French Health Minister Olivier Veran told BFM on Friday, when asked about the Italian export ban. “We could do the same.” Veran also said that Paris supports Brussels’ approach to vaccination campaigns in the EU. Brussels mandated this year that vaccine manufacturers must seek authorization from member …
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On Tuesday, US Secretary of State Antony Blinken unveiled new sanctions against Moscow after the alleged poisoning and “attempted assassination of Russian opposition figure Aleksey Navalny.” “The US government has exercised its authorities to send a clear signal that Russia’s use of chemical weapons and abuse of human rights have …
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The list, published Monday by the Bureau of Industry and Security amends the Export Administration Regulations, and represents just the first tranche of entries that will be expanded going forward, Commerce Secretary Wilbur Ross said. Commerce is “leveraging its partnerships with US and global companies to combat efforts by China …
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