- Donald Trump and Scott Bessent announced tough sanctions targeting Russian oil companies as part of economic pressure against Russia due to the war in Ukraine.
- US Treasury issued sanctions waivers allowing Indian refiners to purchase discounted Russian crude due to supply constraints.
- US Treasury discusses sanctions risk while Indian refiners secure alternative supplies, with vessels routing through Singapore.
The U.S. imposed sanctions on a refinery for allegedly buying crude oil from West Africa and the Middle East, reported in Singapore.
1 report, 1 independent
Updated Jul 2
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What happened
The U.S. imposed sanctions on a refinery for allegedly buying crude oil from West Africa and the Middle East, reported in Singapore.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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West Africa
westernmost region of the African continent
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Singapore
sovereign island country and city-state in maritime Southeast Asia
Related events
- Indonesia and Singapore are considering trade arrangements for energy exchange, specifically seeking alternative suppliers for fuel imports.
- Geopolitical risks from conflicts in the Middle East and Red Sea are causing supply chain disruptions affecting Singapore and Kazakhstan.
- Shell and Caltex raised petrol prices in Singapore following the easing of sanctions on Russian fuel by the Trump administration.