The “shadow fleet” is not large enough to save Russian oil exports from Western sanctions, according to multiple analysts.
The G-7 plan to squeeze Russia’s oil profits hinges on the EU revising its own sanctions. Those revisions face opposition.
Getting Russian aircraft in the air to fly home is like aiding and abetting a criminal, the U.S. says. Penalties will apply.
Russia’s aviation system is quickly being ground to a halt by sanctions.
Invasion and price spikes could destroy demand, weaken consumer confidence and curb cargo volumes, warns BIMCO.
Tanker and dry bulk trades could be disrupted; container shipping faces heightened risk of cyberattacks.
Belarus occupies a key spot on the Trans-Eurasian rail line and is on the flight path used by airlines between Europe and Asia. Freight transport could be a victim if the West imposes sanctions on Belarus for violating what considers international norms.
More forgiving sanctions approach would avoid rate surge seen after COSCO sanctions.
The Justice Department also said Huawei and its subsidiaries violated the RICO Act by stealing trade secrets and copyrighted works from six U.S. companies.
