Latest news with #AlbertoNardelli
Bloomberg
5 days ago
- Business
- Bloomberg
Hegseth Reassures Asia Allies Unsettled by Trump: Balance of Power
By , Alberto Nardelli, Josh Xiao, and Alastair Gale Save Welcome to a special edition of Balance of Power, focusing on the IISS Shangri-La Dialogue in Singapore. Each weekday we bring you the latest in global politics. If you haven't yet, sign up here. America's partners in Asia were on edge ahead of this weekend's Shangri-La Dialogue defense conference in Singapore. It's a stressful time in geopolitics, with active conflicts in Europe and the Mideast, a recent flare-up between nuclear powers India and Pakistan, and rising frustration over President Donald Trump's tariff policies.
Mint
21-05-2025
- Business
- Mint
EU Sanctions Ships That Moved LNG From Russia's Yamal Plant
The European Union imposed sanctions on three vessels that helped move gas cargoes from Russia's Yamal LNG project, further squeezing Moscow's energy revenues. The North Moon, North Ocean and North Light were included in the 17th package of sanctions adopted by the European Council on Tuesday. The vessels are managed by Tokyo-based Mitsui OSK Lines Ltd., a leading operator of LNG carriers, according to shipping database Equasis. The surprise sanctions on vessels from an established shipping company highlight the EU's mounting efforts to push Moscow into a peace deal with Ukraine, addressing workarounds to previously imposed restrictions. The EU recently banned transshipments of Russian liquefied natural gas bound for Asia at European ports, so the country has moved such operations to near its port of Murmansk. That added time to journeys to China, but allowed the Yamal LNG plant to continue sending its cargoes. The vessels are 'operated in such a way as to contribute or support actions or policies for the exploitation, development or expansion of the energy sector in Russia, including energy infrastructure,' the European Council said in a published list of restrictions. Mitsui OSK Lines confirmed that the three vessels are under its management. 'We intend to fully cooperate with the EU and Japanese governments in complying with the sanctions,' the company said in a statement to Bloomberg News. 'We will consult with various parties and take appropriate measures.' Novatek PJSC, the majority shareholder of Yamal LNG, didn't immediately respond to requests for comment. Past Western restrictions focused on the so-called shadow fleet suspected of moving cargoes from the sanctioned Arctic LNG-2 project. The three vessels recently helped move cargoes from Yamal LNG, which is not under sanctions. They loaded cargoes transshipped near the port of Murmansk, where cargoes arrive on ice-class ships directly from the plant, according to shipping data compiled by Bloomberg. The EU's ban on transshipments of Russian LNG in European came into effect on March 26. None of the three vessels delivered the cargoes to Europe since then, heading to China and Taiwan instead, according to data compiled by Bloomberg. With assistance from Alberto Nardelli, Stephen Stapczynski, John Ainger and Reina Sasaki. This article was generated from an automated news agency feed without modifications to text.
Bloomberg
19-05-2025
- Business
- Bloomberg
FTSE 100 Live: UK Stocks to Fall, Pound Holds at $1.33
And closer to home, negotiators for the European Union and the UK have reached a deal to strengthen their bilateral relationship ahead of a summit meeting today, Alberto Nardelli reports. The agreement includes a defense and security partnership, a joint statement on working together on geopolitical challenges such as Russia's war in Ukraine and a 'common understanding' on a range of other issues. The negotiating teams settled on a text at around 2 am European time and the draft still needs to be approved by political leaders on both sides, according to people familiar with the matter. The BBC reported one area of discussion is a new European Commission initiative which would offer loans to member states to help them invest in defense through common procurement. The UK wants its defense companies to be able to bid for contracts under this scheme, though EU countries appear split over whether non-members such as the UK should be allowed to take part, the BBC says.
Bloomberg
09-05-2025
- Politics
- Bloomberg
Europe in Talks With US Over Ultimatum to End War in Ukraine
By , Daryna Krasnolutska, Alberto Nardelli, and Alex Wickham Save Senior European officials are in talks with the Trump administration to finalize an agreement on a 30-day ceasefire in Ukraine that would impose new sanctions on Russia if President Vladimir Putin doesn't budge, said people familiar with the matter. The plans aren't yet final, and moving forward still hinges on the US, which has called for a month-long unconditional truce and for Russia and Ukraine to both be held accountable for respecting the sanctity of direct negotiations.
Bloomberg
23-04-2025
- Politics
- Bloomberg
Ukraine, Europe Insist Russia Truce Must Precede Any Land Deal
By , Alberto Nardelli, and Daryna Krasnolutska Save Ukraine and its European allies have told the US that a ceasefire and clarity on security guarantees for Kyiv should precede any peace deal with Russia that involves negotiations about territory, according to people familiar with the matter. Ahead of a meeting in London Wednesday, the officials sought further detail from Washington on the sequencing of its proposal to stop the fighting in Ukraine and to bring an end to Russia's full-scale invasion, currently into its fourth year. It's the latest attempt to influence the talks that had left Europe under pressure as Washington pushes for a deal with Vladimir Putin and tries to exert tough conditions on Kyiv.
