The West’s economic weapons are missing their target. After shutting its main gas pipeline to Europe in 2022, Russia had hoped that Arctic LNG 2, an ultra-modern export facility, would open big new markets. View Full Image Sanctions-are-sinking-Russia-s-flagship-gas-projec To prevent this, Western countries have tried to deprive Arctic LNG 2 of key technology, tankers and clients. One gas trader notes …
Nazem Ahmad, an art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. Since the West first retaliated against Russia’s invasion of Ukraine, it is in places such as India, Indonesia and the UAE, which have access to the dollar, that America’s and Europe’s aims are being thwarted. Among third …
In February, Dilro, an obscure company based in Dubai, bought the Ocean Kapal, an 18-year-old tanker. Although America retains harsh sanctions that target anyone helping to produce, ship or sell Iran’s petroleum, the superpower’s officials last year eased enforcement. Yet following Hamas’s attack on Israel on October 7th, the Biden administration has come under pressure to shut loopholes, as Iran …
