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The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia under the terms of the price cap. In the short term, available ghost vessels could be in particular demand, making chartering them more expensive. Even so, some analysts say removing the price cap could be the way to really punish Russia. But he said that was very unlikely because the price cap at least allows Russian oil to flow, thereby moderating international prices. "The Biden administration is already reeling from higher oil prices compounded by the unrest in Gaza, potentially spreading to a wider Middle Eastern conflict.

Persons: Alexandre Meneghini, Ioannis Papadimitriou, Mike Salthouse, FGE, Vortexa’s Papadimitriou, Richard Bronze, Adi Imsirovic, Biden, Natalie Grover, Robert Harvey, Julia Payne, Andrea Shalal, Barbara Lewis Organizations: REUTERS, Reuters, Maersk, EU, White House, United Arab, Shell, BP, Exxon Mobil, Exxon, U.S, . Treasury, Treasury, Novy Port, Surrey Clean Energy, Thomson Locations: Liberia, Russia, Matanzas, Matanzas , Cuba, Ukraine, United States, Euronav, Turkey, United Arab Emirates, U.S, India, Novy, Gaza, London, Brussels, Washington

ORLANDO, Florida, June 30 (Reuters) - Britain has an inflation problem, but imagine how much worse it would be were it not for the strong pound? But of all the factors pushing up UK inflation, including some that are unique to Britain's economy, labor market and cost of doing business as a consequence of Brexit, a weak exchange rate is not one of them. Indeed, sterling's value on a real effective exchange rate (REER) basis is the highest it has been since the Brexit vote. "UK inflation would indeed be even higher if sterling had not appreciated," Novy said. All else being equal, and taking into account the notorious 'long and variable' lag between interest rate hikes and cooling price pressures, UK inflation could come down pretty quickly next year.

Persons: Liz Truss's, Dennis Novy, Novy, BoE, turvy, Alan Ruskin, Ruskin, Goldman Sachs, Jamie McGeever, Jonathan Oatis Organizations: Bank of England, Reuters, University of Warwick, Brexit, Deutsche Bank, Thomson Locations: ORLANDO, Florida, Britain, Ukraine

Europe typically imported an average of 154,000 barrels per day (bpd) of diesel and jet fuel from India before Russia's invasion of Ukraine. That increased to 200,000 bpd after the European Union banned Russian oil products imports from Feb. 5, Kpler data showed. OIL PRODUCTSAs Europe's ban kept Russian products out, India's diesel exports to the continent rose 12-16% to 150,000-167,000 bpd in the last fiscal year, the Kpler and Vortexa data showed. The key European buyers of Indian diesel are France, Turkey, Belgium and the Netherlands, the Kpler data showed. Indian oil products exportsBesides increasing exports to Europe, India has also boosted vacuum gas oil (VGO) shipments to the U.S.

☆ Russia's air defence downs three missiles in Belgorod region - governor
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

March 6 (Reuters) - At least one person was wounded in the southern Russian region of Belgorod on Monday after Russian forces shot down three missiles, the governor of the region bordering Ukraine said. "It's known about one wounded, a man with shrapnel wounds to his hand," Gladkov said. Belgorod borders Ukraine's Kharkiv region and has repeatedly come under fire since the beginning of Russia's full-scale invasion of Ukraine a year ago. Ukraine almost never publicly claims responsibility for attacks inside Russia and on Russian-controlled territory in Ukraine. Reporting by Lidia Kelly in Melbourne; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Moscow's decades-old gas ties with Europe lie in ruins
▼ + stars: | 2023-02-14 | by ( Vladimir Soldatkin | ) www.reuters.com time to read: +10 min

Washington has long criticised Germany's policy of reliance on Russian energy, which until last year, Berlin had said was a means to improve relations. In October, he mooted an idea of a gas hub in Turkey to divert the Russian gas flows from the Baltic Sea and North-West Europe. The 20-year supply deal is worth about $30 billion in current gas prices. In Europe, gas prices hit record levels and international oil prices shortly after the special military operation began spiked close to their all-time high. Domestic gas prices are regulated by the government and there have been discussions about liberalising the gas market, a sensitive issue for Russian households.

[1/2] An aerial view shows a storage facility owned by Lukoil company at the Arctic port of Varandei October 22, 2013. Arctic crude exports to India have steadily increased since May, with a record 6.67 million barrels loaded in November and 4.1 million barrels in December, Refinitiv data showed. At least three oil tankers that loaded Arctic crude in Murmansk port are now heading to China, Refinitiv data showed. Refinitiv listed the grades carried by these ships as Arco crude although one Chinese trader said there could be Varandey crude onboard. Oil tankers, carrying Russian Arctic crude, are passing Europe and the Middle East to head to China and IndiaReporting by Nidhi Verma in New Delhi, Muyu Xu and Florence Tan in Singapore; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Marius Stan, 04 noiembrie 2020
▼ + stars: | 2020-11-04 | by ( ) moldova.europalibera.org time to read: +7 min

17 aprilie 1954), care fusese lider marcant al partidului și ministru al Justiției după sfârșitul războiului, a fost arestat în februarie 1948 și a „dispărut” curând după aceea. În iunie 1948, Comitetul Central bulgar a fost convocat pentru a auzi „critica și sfatul frățesc” al Comitetului Central al PCUS. Kostov a fost arestat la Sofia în august, Rajk a fost judecat în septembrie și împușcat în octombrie. Teohari Georgescu, un alt vice-premier, membru al Politburo-ului și ministru de Interne avea să aibă parte de aceeași soartă câteva săptămâni mai târziu. Ceea ce a impresionat cel mai mult la tehnica lichidării comuniste a fost cruzimea cu care au fost tratate victimele epurării.

Persons: Lucrețiu Pătrășcanu, Władysław Gomułka, Gomułka, Gheorghi Dimitrov, Kostov, László Rajk, Koçi, Dimitrov, Rajk, Vilém, Petrov, Árpád Szakasits, Sándor, Ferenc, János Kádár, Gyula, Sándor Haraszti, Vasile Luca, Teohari Georgescu, Ana Pauker Organizations: Cominform, Partidul Comunist Iugoslav, Partidul Comunist Cehoslovac, Ligii Comuniștilor din, Central, PCUS, Partidului Comunist Polonez, Politburo, Kostov, Politic, Externe, Partidului Comunist Român, ministră Locations: Uniunea Sovietică, Polonia, Cehoslovacia, Iugoslavia, Ungaria, România, Bulgaria, Franța, Italia, Belgrad, Moscova, București, Budapesta, Europa, Est, Praga, Varșovia, Sofia, Ligii Comuniștilor din Iugoslavia, Iugoslaviei, Justiției, polonez, Traicio, Politburo, Ungariei, Tirana, Albaniei, Traicio Rostov, Albania, Bulgariei, Oradea, Interne

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