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https://www.barrons.com/articles/shipping-insurance-ban-russia-oil-exports-51653056426?mod=past_editions
Submission: On May 23 via api from CH — Scanned from DE
Submission: On May 23 via api from CH — Scanned from DE
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We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. CHROME SAFARI FIREFOX We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox Search News & Quotes Barron's TopicsStock PicksMagazineDataAdvisorPenta100 Years Subscribe Now |Sign In Barrons Europe Considers Shipping Insurance Ban. That Could Hinder Russia’s Oil Exports. Next: Apple and Microsoft Stocks Rise as Rough Week for Big Tech Ends * * * * Share This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/shipping-insurance-ban-russia-oil-exports-51653056426 * Emerging Markets EUROPE CONSIDERS SHIPPING INSURANCE BAN. THAT COULD HINDER RUSSIA’S OIL EXPORTS. * * * * -------------------------------------------------------------------------------- By Craig Mellow Updated May 20, 2022 7:11 pm ET / Original May 20, 2022 10:21 am ET * Order Reprints * Print Article THE EUROPEAN UNION IS CONSIDERING BANNING INSURANCE FOR TANKERS CARRYING RUSSIAN OIL. Attila Kisbenedek/AFP via Getty Images The European Union has one weird trick that could body slam Russia’s global oil sales: insurance. Blue-suited underwriters in Germany and Scandinavia might be as effective as tanks and missiles in the struggle for Ukraine. As usual with the EU, however, deploying them is not simple. Three months into Vladimir Putin’s war, Russian oil sales are substantially dodging the Western banking sanctions intended to constrict them. Moscow exported record crude volumes in April, says Jim Mitchell, head of Americas oil analysis at Refinitiv.... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- * Technology APPLE AND MICROSOFT STOCKS RISE AS ROUGH WEEK FOR BIG TECH ENDS * * * * -------------------------------------------------------------------------------- By Brian Swint May 20, 2022 7:33 am ET * Order Reprints * Print Article Megacap technology companies Apple, Microsoft, Alphabet, Tesla and Meta traded higher on Friday, recovering some of their recent losses. The companies had seen big selloffs as market sentiment soured over the past few weeks. Faster inflation, a Federal Reserve interest-rate hike and strict Covid lockdowns in China conspired to bring the tech-heavy Nasdaq index of higher-risk stocks into a bear market. The benchmark Nasdaq 100 has lost more than $1 trillion of market value this month. News... Subscribe or Sign In to continue reading -------------------------------------------------------------------------------- More from News Corp * Realtor.com Looking to buy your first home? You’ve come to the right place. * Wall Street Journal Series I Savings Bonds: What Readers Want to Know * MarketWatch Free rapid at-home COVID tests: You can order a third round from the federal government — here’s how * Financial News London Goldman Sachs adds 350 bankers in Europe as Brexit plans rolled out * PENTA Five High-Flying Travel Watches Close EUROPE CONSIDERS SHIPPING INSURANCE BAN. THAT COULD HINDER RUSSIA’S OIL EXPORTS. The European Union has one weird trick that could body slam Russia’s global oil sales: insurance. From To Message SEND An error has occurred, please try again later. Thank you This article has been sent to Privacy Notice Cookie Notice Do Not Sell My Personal Information Copyright Policy Data Policy Accessibility Your Ad Choices Subscriber Agreement & Terms of Use Barron's Archive Corporate Subscriptions Manage Notifications Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. Barron's Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.