The EU's 3 biggest shipping countries have doubled Russian oil shipments since t...
source link: https://finance.yahoo.com/news/eus-3-biggest-shipping-countries-060039401.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
The EU's 3 biggest shipping countries have doubled Russian oil shipments since the invasion of Ukraine, and it's undermining attempts to hurt Putin
S&P Futures
4,108.00-12.50(-0.30%)Dow Futures
32,808.00-104.00(-0.32%)Nasdaq Futures
12,556.25-48.75(-0.39%)Russell 2000 Futures
1,882.10-6.60(-0.35%)Crude Oil
118.64+0.14(+0.12%)- 1,848.80+5.10(+0.28%)
Silver
21.99-0.10(-0.46%)EUR/USD
1.0680-0.0013(-0.1244%)10-Yr Bond
3.03800.0000(0.00%)- 25.46+0.67(+2.70%)
GBP/USD
1.2496-0.0034(-0.2698%)USD/JPY
132.6580+0.7570(+0.5739%)BTC-USD
29,632.34-1,786.07(-5.68%)CMC Crypto 200
642.31-35.24(-5.20%)FTSE 100
7,607.53-0.69(-0.01%)Nikkei 225
27,943.95+28.06(+0.10%)
The EU's 3 biggest shipping countries have doubled Russian oil shipments since the invasion of Ukraine, and it's undermining attempts to hurt Putin
Firms in Greece, Cyprus, and Malta have shipped more Russian oil since the Ukraine war started.
Freight rates for oil tankers have tripled since Russia invaded Ukraine on February 24.
The rise in Russian oil shipments undermines intensifying sanctions against the country.
Shipping companies in the European Union's three largest maritime nations of Greece, Cyprus, and Malta have doubled the quantity of Russian oil they transport since the invasion of Ukraine on February 24, The Independent reported on Monday.
Shipping companies and vessels linked to the three countries moved an average of 58 million barrels of Russian oil in the month of May, the UK media outlet reported, citing an analysis from Global Witness, a non-government organization. That's almost double the 31 million barrels they collectively transported in February. The three countries have the largest shipping fleet in the EU, according to Reuters.
The jump in the transportation of Russian crude came on the back of a tripling in oil tanker freight rates since the invasion of Ukraine on February 24 — and it's undermining EU sanctions against Russia.
"Ships linked to Greece, Cyprus and Malta are making a mockery of the EU effort to sanction Putin's war machine, keeping cash flowing to Russia as the country's armed forces continue to pummel Ukraine," Louis Goddard, a senior data investigations adviser at Global Witness, told The Independent.
The NGO's report follows findings by London's Sunday Times that Greek shipping companies are taking part in "ship-to-ship" transfers of Russian oil to mask the transportation of the fuel. Data reviewed by the Sunday Times pointed to an increase in such movements, which involves a Russian ship unloading oil to another vessel from a neutral party, the outlet reported on Sunday.
There is no suggestion that the companies and ships involved in transporting Russian oil are breaching sanctions, The Independent and Sunday Times reported.
Ukrayinska PravdaTwo missile ships and a submarine of the Russian Federation in the Black Sea are ready to attack - Pivden [South] Operational Command
KATERYNA TYSHCHENKO - MONDAY, 6 JUNE 2022, 17:49 Two Russian missile ships and a submarine equipped with 20 Calibre cruise missiles in the Black Sea are ready to attack. Source: Pivden [South] Operational Command Quote: "A naval group of enemy forces continues to blockade shipping in the northwestern part of the Black Sea.
18h ago
ReutersChina's top diplomat says new, old China-Japan problems intertwined
BEIJING (Reuters) -Old problems in China-Japan relations are intertwined with new ones, and the challenges cannot be ignored if the countries wish to have a "healthy" relationship, China's top diplomat said on Tuesday. A foreign ministry statement said Yang Jiechi, who spoke with Japanese national security chief Takeo Akiba on the phone, said both nations should "grasp the right direction, uphold win-win cooperation, focus on the long term, enhance security and build mutual trust". Yang, the director of the Central Foreign Affairs Commission Office for China, said both countries should work together to ensure "stable, healthy and resilient" relations in the next 50 years, and "jointly maintain regional peace and prosperity".
1h ago
The New Voice of UkraineUkraine Army says ‘it makes no difference which Russian general is in charge at front’
It does not matter for the Ukrainian military which Russian general is in charge at the front, spokesperson for Ukraine's Defense Ministry, Oleksandr Motuzianyk, said at a press briefing on June 6.
16h ago
TheStreet.comElon Musk Sounds The Alarm About China
Elon Musk knows he has become the most influential chief executive officer in the world. With this new power, he now uses his Twitter account, which has more than 96.8 million followers, to share the issues that interest and concern him. For several months, the richest man in the world has been worried about a trend observed in rich countries.
8h ago
Ukrayinska PravdaRussian occupiers abandon most checkpoints in Melitopol district Melitopol Mayor
ALYONA MAZURENKO - MONDAY, 6 JUNE 2022, 21:01 Russian occupation forces have abandoned almost all checkpoints in the Melitopol district of Zaporizhzhia Oblast for fear of an attack by the Armed Forces of Ukraine.
15h ago
HuffPostPeter Navarro Ripped For Complaining That Being Arrested Wasn't Very Pleasant
The former Trump official griped that he was strip-searched after he was arrested for defying a subpoena.
4h ago
The New Voice of UkraineRenowned PMC Wagner Group member ‘Vakha’ killed
Vladimir Andanov, a mercenary of Private Military Company Wagner with a call sign “Vakha”, has been killed in fighting in Ukraine, the Strategic Command of the Armed Forces of Ukraine reported on Facebook.
19h ago
Ukrayinska PravdaZelenskyy: At present, analysts do not see any risk of a second invasion from Belarus
KATERYNA TYSHCHENKO - Monday, 6 June 2022, 16:35 President Volodymyr Zelenskyy said that, at present, Ukrainian analysts do not see any real risk of a second invasion of Ukraine from Belarusian territory.
20h ago
NextSharkChinese toddlers’ 'ninja'-like physical education routine at school goes viral
A video shared to Twitter by a former Norwegian diplomat shows Chinese toddlers implementing swift moves while moving in perfect coordination during a physical education class. The video, posted on Sunday by Erik Solheim, shows a group of young Chinese students sitting outside where they move in perfect unison while bouncing a basketball in each hand. Using flawless coordination, the young students continue to bounce the basketballs as they shift their legs from side to side.
8h ago
ReutersDon't call us pro-China, Taiwan opposition chief says in U.S
It is wrong to label Taiwan's main opposition party the Kuomintang (KMT) as being pro-China as it has always been pro-U.S. and is dedicated to defending the island though also to talking to Beijing, its chairman said in Washington. The KMT ruled China until fleeing to Taiwan in 1949 after losing a civil war to the Communists. It has traditionally favoured close ties with Beijing, which has increasingly set it at odds with most Taiwanese, who feel little in common with autocratic China.
9h ago
The New Voice of UkrainePutin's regime may collapse from within, but Russian opposition leaders can't replace it, says political expert
Russian opposition leaders, such as Mikhail Khodorkovsky or Alexei Navalny, will not be able to replace the regime of Russian dictator Vladimir Putin if it falls, Ukrainian political expert and journalist Vitaly Portnikov told Radio NV on June 4.
2d ago
CBS NewsEx-Afghan president likely did not flee Afghanistan with millions, report finds
An inspector general report found that contrary to allegations, former Afghan President Ashraf Ghani did not abscond with millions of dollars that went missing during the Taliban takeover of Afghanistan.
8h ago
NextSharkIconic Hong Kong landmark Jumbo Floating Restaurant is sinking — and no one may save it
Hong Kongers are seeking help for the iconic landmark Jumbo Floating Restaurant days after its kitchen barge sank and the local government refused to keep the establishment afloat. In a statement released in late May, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor declared that the government has no intention to invest in the tourist attraction, which has proven costly to repair and maintain.
10h ago
Yahoo NewsRussia-Ukraine war latest: NATO kicks off U.S.-led war games in Baltic Sea
It has been 102 days since Russia began its brutal invasion of Ukraine. Despite tensions rising, NATO began naval exercises in the Baltic Sea along with aspiring members Finland and Sweden. Spain and the U.K. promised Kyiv weaponry with Russian President Vladimir Putin retaliating with a warning that Moscow would hit new targets if it continued.
19h ago
The WeekZelensky: Sievierodonetsk and Lysychansk are 'dead cities'
Zelensky: Sievierodonetsk and Lysychansk are 'dead cities'
10h ago
Ukrayinska PravdaZelenskyy about Sievierodonetsk: If we leave it, it will be very costly to return there
KATERYNA TYSHCHENKO - MONDAY, 6 JUNE 2022, 20:25 President Volodymyr Zelenskyy emphasises that if the Armed Forces of Ukraine withdraw from Sievierodonetsk, the losses will be much greater if they try to return it to Ukrainian control.
16h ago
Yahoo NewsAnother top Russian general reportedly killed in Ukraine
A Russian general was killed during a battle in Ukraine's eastern Donbas region, a Russian state journalist reported.
16h ago
Associated PressEU blames Russia for food crisis, Russian UN envoy walks out
European Council President Charles Michel accused Russia on Monday of using food supplies as “a stealth missile against developing countries” and blamed the Kremlin for the looming global food crisis, prompting Moscow’s U.N. ambassador to walk out of a Security Council meeting. Michel addressed Russian Ambassador Vassily Nebenzia directly at the council meeting, saying he saw millions of tons of grain and wheat stuck in containers and ships at the Ukrainian port of Odessa a few weeks ago.
13h ago
The Wall Street JournalAstraZeneca Breast-Cancer Drug Shown to Slow Tumor Progression
A new study showed Enhertu cut the risk of tumor progression by half for people with the most advanced form of the disease, offering the prospect of a new treatment for one of the most widely diagnosed cancers.
15h ago
Yahoo Life ShoppingThe most popular wallet at Amazon is on sale for $22 — just in time for Father's Day
More than 62,000 shoppers think this super-slim bestseller is money.
14h ago- Milwaukee Journal Sentinel
Gas prices soar across Milwaukee, U.S., and Wisconsin; residents say they are cutting spending to make ends meet
Gas prices are soaring, with no relief in sight as the price of crude oil hovers near $120 a barrel. A year ago, oil was trading around $70 a barrel.
13h ago - Fortune
Markets should brace for ‘fire’ and ‘ice’: Morgan Stanley executive warns of a recession and even bigger ‘paradigm shift’
High inflation and recession fears will continue to dominate markets until a new business cycle emerges.
15h ago - The Hill
Illinois Democrat hopes Uvalde survivor’s testimony will ‘change hearts and minds’ on gun control
Rep. Raja Krishnamoorthi (D-Ill.) said in a new interview that he hopes the testimony of an Uvalde fourth grade student who survived the school shooting by pretending to be dead will help sway public opinion on gun control. Miah Cerrillo, an 11-year-old student from Robb Elementary School in Uvalde, is one of nine individuals scheduled to testify before the House…
18h ago - Bloomberg
China Shifting Focus to Southeast Asia, Sri Lanka President Says
(Bloomberg) -- China appears to be shifting its strategic focus toward Southeast Asia and Africa, Sri Lanka’s President Gotabaya Rajapaksa said, noting that South Asian countries in financial trouble aren’t getting the same attention from Beijing as before. Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Unveils Biggest MacBook Air Redesign in Over a DecadeUS Probes Binance Over Token That Is Now World’s Fifth LargestMusk’s ‘Buyer’s Remorse’ Won’t Get Him Out o
6h ago - Bloomberg
Engineer Who Fled Charges of Stealing Chip Technology in US Now Thrives in China
(Bloomberg) -- Few companies are better positioned to benefit from the crippling shortage of computer chips than ASML Holding NV, a Dutch manufacturer whose equipment plays an integral role in making the world’s most advanced semiconductors.Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Unveils Biggest MacBook Air Redesign in Over a DecadeUS Probes Binance Over Token That Is Now World’s Fifth LargestMusk’s ‘Buyer’s Remorse’ Won’t Get Him Out of Twitter DealInf
1d ago - The New Voice of Ukraine
Russian invaders can still capture Severodonetsk, US military think tank warns
Invading Russian forces might still capture Severodonetsk and Lysychansk, the last remaining strongholds of Ukrainian forces in Luhansk Oblast, a U.S. military think tank said in its Russian Offensive Campaign Assessment, released on June 4.
2d ago - The New York Times
A Cancer Trial's Unexpected Result: Remission in Every Patient
It was a small trial, just 18 rectal cancer patients, every one of whom took the same drug. But the results were astonishing. The cancer vanished in every single patient, undetectable by physical exam; endoscopy; positron emission tomography, or PET scans; or MRI scans. Dr. Luis A. Diaz Jr. of Memorial Sloan Kettering Cancer Center, an author of a paper published Sunday in the New England Journal of Medicine describing the results, which were sponsored by drug company GlaxoSmithKline, said he kn
21h ago - Associated Press
AP Exclusive: Ukraine recovers bodies from steel-plant siege
Russia has begun turning over the bodies of Ukrainian fighters killed at the Azovstal steelworks, the fortress-like plant in the destroyed city of Mariupol where their last-ditch stand became a symbol of resistance against Moscow’s invasion. Dozens of the dead taken from the bombed-out mill’s now Russian-occupied ruins have been transferred to the Ukrainian capital, Kyiv, where DNA testing is underway to identify the remains, according to both a military leader and a spokeswoman for the Azov Regiment. The Azov Regiment was among the Ukrainian units that defended the steelworks for nearly three months before surrendering in May under relentless Russian attacks from the ground, sea and air.
1d ago - Bloomberg
Yellen Wanted Biden Relief Plan Scaled Back, Biography Says
(Bloomberg) -- Janet Yellen, worried by the specter of inflation, initially urged Biden administration officials to scale back the $1.9 trillion American Rescue Plan by a third, according to an advance copy of a biography on the Treasury secretary.Most Read from BloombergWhy Peak Inflation Is Near, According to Experts Who Bet on Short-Lived Price RisesUS Stocks Rise as Tech Rebounds; Treasuries Fall: Markets WrapRussia Hits Kyiv With Missiles; Putin Warns West on ArmsSaudis Raise Oil Prices Mor
2d ago - Reuters
U.S. Supreme Court seeks Biden views on WhatsApp 'Pegasus' spyware dispute
The U.S. Supreme Court on Monday asked President Joe Biden's administration to weigh in on whether the justices should hear a case on whether Meta Platforms Inc's WhatsApp can pursue a lawsuit accusing Israel's NSO Group of exploiting a bug in the messaging app to install spy software. The justices are considering NSO's appeal of a lower court's decision allowing the lawsuit to move forward. NSO has argued that it is immune from being sued because it was acting as an agent for unidentified foreign governments when it installed the "Pegasus" spyware.
19h ago - Celtics Wire
Boston’s Derrick White unsure if recent streak of excellent play caused by ‘dad strength’
He is sure that staying confident helped make it possible, though.
2d ago - Reuters
Vietnam sacks health minister amid anti-graft drive
Vietnam on Tuesday dismissed its health minister Nguyen Thanh Long, after he was accused of violating the ruling Communist Party's rules and allegedly causing losses to the state budget, state media reported. Dozens of senior health officials have been arrested in recent weeks, accused of wrongdoings in medical equipment procurement, including COVID-19 test kits. The National Assembly, the country's lawmaking body, voted on Tuesday to remove Long, 55, from the position of health minister, which he assumed in 2020, Voice of Vietnam Radio reported.
3h ago - Associated Press
A timeline of billionaire Elon Musk's bid to control Twitter
Elon Musk threatened Monday to call off his $44 billion acquisition of Twitter, accusing the company of refusing to give him information about spam bot accounts. January 31: Musk starts buying shares of Twitter in near-daily installments, amassing a 5% stake in the company by mid-March. March 26: Musk, who has 80 million Twitter followers and is active on the site, said that he is giving “ serious thought ” to building an alternative to Twitter, questioning free speech on the platform and whether Twitter is undermining democracy.
19h ago - Yahoo Finance Video
Wendy’s to offer Strawberry Frost this summer
Yahoo Finance Live respond to Wendy's unveil of their Strawberry Frost and strawberry salad onto their summer menu.
12h ago - Quartz
Africa is getting its first full-service vaccine facility
In what could reduce over-dependence on foreign vaccine imports which stands at 99%, the financing will be injected into the production of up to 300 million vaccine doses every year
3h ago - Reuters
Biden should not visit Saudi, meet crown prince, Democratic Rep. Schiff says
U.S. President Joe Biden should not visit Saudi Arabia or meet its Crown Prince Mohammed bin Salman, who approved an operation to capture or kill murdered journalist Jamal Khashoggi, according to U.S. intelligence, a leading Democratic lawmaker said on Sunday. Khashoggi, a U.S. resident who wrote opinion columns for the Washington Post critical of the prince’s policies, was killed and dismembered in 2018 by operatives linked to the prince in the kingdom's consulate in Istanbul.
2d ago - Bloomberg
'Fake' Aluminum Stocks Put Perils of China's Commodities Funding in Spotlight
(Bloomberg) -- The opaque world of funding commodities trading in China is again under the spotlight. Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForElon Musk Says Twitter’s Lack of Info on Bots Breaches Merger DealStocks Rise as Higher Yields Keep Check on Rally: Markets WrapWhy Peak Inflation Is Near, According to Experts Who Bet on Short-Lived Price RisesFed Delivers Fuzzier Rate Message as It Gauges Impact of HikesThis time, metals markets are fixated on an inci
22h ago - Bloomberg
The Internet Pioneer Brought Low as Kremlin Ally by EU Sanctions
(Bloomberg) -- European Union sanctions on the founder and former head of Russia’s most popular Internet search engine show how an increasing number of Russian businessmen are facing measures that aim to punish the Kremlin for the invasion of Ukraine. Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Unveils Biggest MacBook Air Redesign in Over a DecadeUS Probes Binance Over Token That Is Now World’s Fifth LargestMusk’s ‘Buyer’s Remorse’ Won’t Get Him Out of Twit
19h ago - Yahoo Finance Video
U.S. Departments of Defense, Commerce investigating Didi Global over national security concerns
Yahoo Finance's Kevin Cirilli joins the Live show to discuss the U.S. Departments of Defense and Commerce investigating Didi Global.
18h ago - Yahoo Finance Video
President Biden waives tariffs on solar panels for two years
Yahoo Finance Live anchors discuss President Biden's tariff waiver on solar panels for the next two years and his push towards clean energy manufacturing in the U.S.
18h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK