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EU plans to impose new sanctions against Russia for anniversary of Ukraine war
Fp Staff •The EU is intensifying measures against those associated with actions detrimental to Ukraine amid ongoing tensions in the region.
Turkey and Brazil became biggest importers of Russian seaborne diesel, gasoil in 2023
Fp Staff •Diesel exports from Russian ports to African countries also increased last year, reaching 10.2 million tons compared with 2.4 million tons in 2022. Morocco, Libya, Togo, Tunisia and Ghana were among the top importers.
EU plans to extend tariff-free entry for Ukrainian farm products
Fp Staff •The move from the European Commission comes as farmers in several EU countries stage roadblocks to demand better revenues and conditions.
Red Sea shipping crisis: India on track to export record-low sulphur diesel to Europe in January
Fp Staff •Persistently high freight costs would be likely to prompt sellers of India-origin cargoes to look to Asia for buyers soon, which would tighten supplies into Europe even further ahead of refinery maintenance season, traders and analysts say.
EU moves slowly to use profits from frozen Russian assets to help Ukraine
Fp Staff •The tentative agreement, reached late Monday, still needs formal approval but is seen as a first step toward using some of the 200 billion euros ($216 billion) in Russian central bank assets in the EU to help Ukraine rebuild from Russian destruction.
Vantage | Will Netanyahu fold under pressure or fight on till the end?
The Vantage Take •The world watches closely, awaiting the outcome that could shape the future of the Israel-Hamas conflict and the broader Middle East
India, Indian Ocean Region and the unfolding geopolitical landscape
Vice Admiral Shekhar Sinha •How India navigates through these turbulent waters will require the proven intellect of Prime Minister Modi and his seasoned and acknowledged diplomat, External Affairs Minister Jaishankar
US allies reluctant on Red Sea task force to counter attacks on commercial vessels
Fp Staff •The Rea Sea is the entry point for ships using the Suez Canal, which handles about 12% of worldwide trade and is vital for the movement of goods between Asia and Europe. Houthi attacks have seen some ships rerouted around Africa's Cape of Good Hope, substantially increasing sailing time and costs.
Russia to retaliate in kind if EU uses its frozen assets
Fp Staff •The EU is proposing using the income generated from around $300 billion of frozen funds from Russian central bank reserves - and could ultimately collect around $16 billion.
Top porn sites must verify ages to protect kids under European Union new digital law
Fp Staff •Pornhub, XVideos and Stripchat have now been classed as very large online platforms subject to more stringent controls under the Digital Services Act because they have more than 45 million users each, according to the European Commission, the EU's executive branch.