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War risk insurance surges after recent Russian strikes on foreign vessels in Black Sea, Bloomberg reports

War risk insurance premiums for vessels traversing Ukraine’s shipping corridor in the Black Sea have increased by about 33 per cent following Russia's recent attacks on foreign ships, Bloomberg reported on Oct. 10, citing sources in the market. According to the insurance market sources, coverage has jumped to above one per cent of the value […]

Ukraine

October 10, 2024

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US considering implementing harsher sanctions on Russian oil ahead of Trump's inauguration, Bloomberg reports

The Biden administration is considering implementing new, harsher Russian oil sanctions ahead of the inauguration of U.S. President-elect Donald Trump, Bloomberg reported on Dec. 10, citing its sources. Oil revenues are a crucial source of funding for Russia's war machine, and have been repeatedly targeted by Western sanctions since the start of full-scale invasion of […]

Ukraine

December 10, 2024

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US urges G7 to consider sanctions on Russian palladium, titanium, Bloomberg says

The United States has urged its G7 allies to consider sanctions on Russian palladium and titanium, Bloomberg reported on Oct. 23, citing an unnamed source. Officials from U.S. President Joe Biden's administration raised the possibility of these sanctions during a G7 deputy finance ministers meeting on Oct. 22 in Washington, D.C. The U.S. proposed initiating […]

Ukraine

October 24, 2024

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Macron, Tusk to discuss deploying peacekeepers to Ukraine after ceasefire, Bloomberg reports

Polish Prime Minister Donald Tusk and French President Emmanuel Macron are expected to discuss the possibility of sending soldiers to Ukraine after a potential ceasefire deal, Bloomberg reported on Dec. 11, citing undisclosed sources. Macron is visiting Warsaw on Dec. 12 to brief the Polish prime minister on his meeting with U.S. President-elect Donald Trump […]

Ukraine

December 12, 2024

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Germany, France skeptical about bypassing Hungary's veto on EU aid for Ukraine, Bloomberg reports

Germany and France are raising doubts about the EU diplomatic service's proposal to circumvent Hungary's veto of 6 billion euros ($6.6 billion) in defense assistance for Kyiv, Bloomberg reported on Oct. 25, citing undisclosed sources. Budapest has been blocking the disbursement of Kyiv-bound assistance under the European Peace Facility (EPF) for more than a year, […]

Ukraine

October 27, 2024

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EU to impose first sanctions on Russian intelligence over disinformation campaigns, Bloomberg reports

The European Union is set to impose its first sanctions targeting Russia for disinformation and hybrid activities. The proposed measures target more than a dozen individuals and three entities, including Russian intelligence officers and media entrepreneurs, according to Bloomberg. The sanctions aim to counter destabilizing operations globally. In addition, the EU plans to sanction around […]

Ukraine

December 13, 2024

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Sanctioned LNG ships gather off Russian coast as buyers withdraw, Bloomberg reports

Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered together off Russia's eastern coast, indicating that Moscow is struggling to sell the product amid Western restrictions, Bloomberg reported on Oct. 30. Days before, commerical liquefication at Russia's Arctic LNG 2 came to a halt due to shipping difficulties imposed by Western sanctions. Three of […]

Ukraine

October 30, 2024

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G7 discusses slashing Russian oil price cap, complete ban, Bloomberg reports

The G7 countries are considering tightening the price cap on Russian oil, Bloomberg reported on Dec. 19, citing its sources. The move comes as Russia's fossil fuel industry remains a primary source of funding for its war against Ukraine. Discussions reportedly include lowering the current $60-per-barrel cap to approximately $40 or even implementing a complete […]

Ukraine

December 19, 2024

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Russia seizes more territory over past week than at any point in 2024, Bloomberg reports

Russia has seized more territory in its war with Ukraine over the past week than at any point in 2024, Bloomberg reported on Nov. 1, using Bloomberg Intelligence calculations based on the DeepState map service that tracks battlefield changes in coordination with Ukraine's Defense Ministry. In recent months, Russian troops carried out a grinding advance […]

Ukraine

November 1, 2024

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Russia's Arctic LNG 2 project has cut gas production to almost zero, Bloomberg reports

Russia's Arctic LNG 2 project cut production from its gas fields to almost zero in November after halting liquefaction last month due to Western sanctions, Bloomberg reported on Nov. 12, citing its undisclosed sources. Arctic LNG 2, owned by Russia's Novatek company, aims to produce almost 20 million metric tons of liquified natural gas (LNG) […]

Ukraine

November 12, 2024

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Military donations in Ukraine plummet as war pressure mounts, Bloomberg reports

Military donations in Ukraine have fallen sharply amid rising financial pressures and war weariness, with major charities reporting drops by 20% or more in 2024, Bloomberg reported on Nov. 13. Prominent organizations such as Come Back Alive and the Serhiy Prytula Foundation, headed by the well-known Ukrainian TV personality of the same name, have seen […]

Ukraine

November 13, 2024

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EU preparing more sanctions against Russia's shadow fleet, Bloomberg says

The European Union is preparing a new round of sanctions targeting Russia's "shadow fleet," Bloomberg reported on Nov. 14, citing people familiar with the plans. Russia's shadow fleet is a group of older and often uninsured vessels used to ship out Russian oil while avoiding international sanctions imposed in 2022 as part of the effort […]

Ukraine

November 14, 2024

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