{"id":545683,"date":"2022-04-07T04:00:32","date_gmt":"2022-04-07T04:00:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/ban-russian-energy-to-make-sanctions-count-zelensky\/"},"modified":"2022-04-07T04:00:32","modified_gmt":"2022-04-07T04:00:32","slug":"ban-russian-energy-to-make-sanctions-count-zelensky","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/ban-russian-energy-to-make-sanctions-count-zelensky\/","title":{"rendered":"Ban Russian energy to make sanctions count -Zelensky"},"content":{"rendered":"

<\/a> Ukraine wants its allies to hit Russia where it really hurts \u2014 in the energy sector. <\/strong>Ukrainian President Vlodomyr Zelensky called on<\/a> Western nations to stop dragging their feet and quickly agree on a complete ban on Russian oil, as well as cut off Russian banks from the international system entirely. \u201cSome politicians are still unable to decide how to limit the flow of petrodollars and oileuros to Russia so as not to put their own economies at risk,\u201d he said. The EU has signaled it will look to ban Russian coal and oil, though members are divided on all-important gas.<\/p>\n

Chinese state refiners tread carefully with Russian oil: <\/strong>Chinese state-owned firms \u2014 including Sinopec, CNOOC and PetroChina \u2014 aren\u2019t making new purchases of Russian oil despite cheap prices, sources told Reuters<\/a>. China has so far refrained from condemning Russia\u2019s invasion of Ukraine and has made a diplomatic show of its friendship with Russia, but is nevertheless wary of being caught in the sanctions crossfire.<\/p>\n

Russia inched closer to a default on its international debt<\/strong> as Moscow said it would be forced by US sanctions to pay holders of USD-denominated bonds in RUB, the Financial Times<\/a>reports. The move would amount to a default or \u201cdefault-like\u201d situation, analysts say. \u201cI think it\u2019s a default if the bondholders are not paid in USD,\u201d one EM debt expert told the salmon-coloured paper.<\/p>\n

But the RUB has staged a comeback, defying sanctions: <\/strong>Russia\u2019s currency has staged a surprising recovery to pre-war levels, Bloomberg<\/a> reports. The RUB closed at 79.7 to the USD on Wednesday \u2014 signaling that waves of measures against Russian banks, businesses and individuals are \u201clargely toothless\u201d as long as Europe and others continue to spend massive sums on Russian energy imports, the business information service says.<\/p>\n

Sanctions get personal: <\/strong>The latest package of US sanctions, triggered by the Bucha atrocities, target President Vladimir Putin\u2019s two daughters as well as Foreign Minister Sergey Lavrov\u2019s wife and daughter, according to a statement<\/a>. Major Russian banks Sberbank and Alfa Bank will also be completely blocked.<\/p>\n

\n

Surprisingly, it doesn\u2019t look like the AL will be brokering peace in Ukraine:<\/strong> An Arab League delegation reiterated its call for a ceasefire and said<\/a> it stands ready to support direct negotiations between Russia and Ukraine, after meeting with Ukrainian Foreign Minister Dmytro Kuleba in Warsaw on Tuesday, according to a statement<\/a>. The delegation, which includes Foreign Minister Sameh Shoukry, had offered to mediate ceasefire negotiations earlier in the week in Moscow, following a meeting with<\/a> Russian Foreign Minister Sergey Lavrov.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ukraine wants its allies to hit Russia where it really hurts \u2014 in the energy sector. Ukrainian President Vlodomyr Zelensky called on Western nations to stop dragging their feet and quickly agree on a complete ban on Russian oil, as well as cut off Russian banks from the international system entirely. \u201cSome politicians are still […]<\/p>\n","protected":false},"author":1,"featured_media":545684,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7264],"tags":[116,72,262,270,1644,1084],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-war-watch","tag-china","tag-enterpriseam","tag-jpmorgan","tag-russia","tag-russian-oil","tag-war-watch","wpautop","entry"],"acf":{"mongo_id":"e8330ac0-b065-4c63-abf7-b11c87dadf4a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/163.jpg","photo_position":"above","related_issue":[545665],"teaser":"","voice_url":""},"yoast_head":"\nBan Russian energy to make sanctions count -Zelensky - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/07\/ban-russian-energy-to-make-sanctions-count-zelensky\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ban Russian energy to make sanctions count -Zelensky\" \/>\n<meta property=\"og:description\" content=\"Ukraine wants its allies to hit Russia where it really hurts \u2014 in the energy sector. 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The framework was authored by Republican and Democratic lawmakers who\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/88.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544545,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/09\/oil-prices-rise-again-on-us-russia-energy-ban-moscow-to-retaliate-with-export-restrictions\/","url_meta":{"origin":545683,"position":1},"title":"Oil prices rise again on US\u2019 Russia energy ban; Moscow to retaliate with export restrictions","author":"enterpriseam admin","date":"9 March 2022","format":false,"excerpt":"Oil reaches new heights after US + UK announce Russian oil ban: Global oil prices closed at their highest levels since 2008 yesterday after the US and UK announced they would ban the import of Russian fossil fuels, marking a significant escalation of the economic warfare being waged against Moscow\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545640,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/06\/zelensky-calls-on-un-security-council-to-show-russia-the-exit-over-war-crimes\/","url_meta":{"origin":545683,"position":2},"title":"Zelensky calls on UN Security Council to show Russia the exit over war crimes","author":"enterpriseam admin","date":"6 April 2022","format":false,"excerpt":"Zelensky tells UN Security Council to kick Russia out \u2014 or dissolve itself: Ukrainian President Volodymyr Zelensky told the UN Security Council that it should remove Russia from the council so it can no longer exercise its veto power on votes about the war in Ukraine. \u201cIf there is no\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544901,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/el-sisi-holds-talks-with-zelensky\/","url_meta":{"origin":545683,"position":3},"title":"El Sisi holds talks with Zelensky","author":"enterpriseam admin","date":"27 March 2022","format":false,"excerpt":"El Sisi calls for diplomatic solution to the war in Ukraine in call with Zelensky: President Abdel Fattah El Sisi received a phone call from his Ukrainian counterpart Volodymyr Zelensky on Thursday, according to an Ittihadiya statement, marking the first time the two leaders have spoken since Russia invaded Ukraine\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549558,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/21\/egypt-cant-get-enough-of-that-sweet-russian-crude\/","url_meta":{"origin":545683,"position":4},"title":"Egypt can\u2019t get enough of that sweet Russian crude","author":"enterpriseam admin","date":"21 September 2022","format":false,"excerpt":"Incoming shipments of Russian fuel to Egypt have risen sharply in the past months as Moscow looks to alternative markets in the Middle East and Asia in light of Western sanctions, Bloomberg reports. How sharply? Last month 51 shipments of oil were sent from Russia to Egypt, up from just\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544925,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/ukraine-ready-to-discuss-neutrality-territory-ahead-of-russia-peace-talks-zelensky\/","url_meta":{"origin":545683,"position":5},"title":"Ukraine ready to discuss neutrality, territory ahead of Russia peace talks -Zelensky","author":"enterpriseam admin","date":"28 March 2022","format":false,"excerpt":"Zelensky signals compromise ahead of new round of peace talks: Ukrainian President Volodymyr Zelensky has reiterated willingness to declare neutrality and potentially give up sovereignty over some parts of the country ahead of three days of peace talks, which start today in Turkey, France24 reports. \u201cSecurity guarantees and neutrality, non-nuclear\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/373.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545683"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545683\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545684"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545683"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545683"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}