On August 2, 2017, President Trump signed the Countering America’s Adversaries Through Sanctions Act into law.
Ukraine Conflict
Russia Sanctions Update: Countering America’s Adversaries Through Sanctions Act
By BETRE GIZAW | KING & SPALDINGSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Energy News Roundup: Cuomo Turns Green, Ukraine Nuclear Threat & Moroccan Solar Plant Set To Open
By Conor O'Sullivan
Gov. Andrew M. Cuomo plans to order state regulators to mandate that, by 2030, half of all power consumed by New Yorkers be generated from renewable sources. [The NY Times] A senior Ukrainian energy official has revealed that the attack on transmission towers that cut off the delivery of electricity from Ukraine to Crimea also… Keep reading →
Energy News Roundup: Vatican Hint At Fossil Fuel Divestment, Gazprom Halt Ukraine Supply & New Solar Breakthrough
By Conor O'Sullivan
The Vatican may consider divesting its holdings in fossil fuels without a categorical commitment, a Catholic church official has stated, despite Pope Francis’s call for bold action to fight climate change and global warming. “The statement – made at a press conference on Wednesday to discuss the pope’s recently released encyclical on the environment –… Keep reading →
Everyone knows how Europe’s dependence on Russian natural gas has been a complicating factor (to say the least) for Western political leaders in their reaction to Vladimir Putin’s Ukrainian adventures. And now energy analysts are seeing the Russian president lining up similar leverage with nuclear power, in Eastern Europe and beyond. “Gazprom cutting Ukraine’s energy just… Keep reading →
Russia’s Gazprom Turns To China For Export Growth
By Patti Domm | CNBC
The gusher of liquefied natural gas ready to set sail on the world market in the next five years creates challenges for traditional gas suppliers, Russia’s Gazprom among them. State-owned Gazprom is Europe’s biggest natural gas supplier, and it has turned east to China in recent years for new growth and a rival market to… Keep reading →
Energy News Roundup: Iran Agreement Close, Russia-Ukraine Gas Deal & KKR Reports Major Losses
By Conor O'Sullivan
Foreign ministers in Lausanne, Switzerland on Iran’s nuclear programme have said they are inching towards a joint statement, which would be accompanied by a set of agreed parameters that would be kept secret, according to European diplomats. The EU and Iran are expected to issue a joint statement on the talks at 6pm GMT on… Keep reading →
Energy News Roundup: Threat To Russia Sanctions, Hydrogen Bomb Secrets Revealed & Westar Rebate
By Conor O'Sullivan
The United States faces a struggle to impose deeper sanctions on the Russian energy sector, as European fears over collateral economic damage leave President Barack Obama with diminished options.”Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world’s top oil producer, and the sector is… Keep reading →
Energy News Roundup: Libya Attacks Spark Oil Surge, EU Sanctions & Hawaii’s Solar Obstacles
By Conor O'Sullivan
Oil prices increased to their highest in nearly two months on Monday, following concerns over escalating conflict with Islamic State militants in Libya and threats to withhold exports from Iraq’s semi-autonomous Kurdish region. “Egypt bombed Islamic State targets inside Libya on Monday and Cairo renewed calls for a U.S.-led coalition to confront militants there a… Keep reading →
EU Energy Union: High-stakes Supply Security Document Leaked
By Roman Kilisek
Last week, the European Commission held its first orientation debate on the Energy Union in the college of the Commission. “It was the first time that all commissioners together had an in-depth discussion on the issue. And I can tell you that there was very broad agreement on the main features of the future Energy… Keep reading →
US Clarifies Sanctions Provisions and US Senate Passes a Bill to Codify and Expand Sanctions
By Laura Brank, Darshak Dholakia, Miriam Gonzalez, Hrishikesh Hari, Jeremy Zucker | Dechert LLP
As noted in previous updates, the United States and European Union continue to impose sanctions against Ukrainian and Russian individuals and entities as a result of the turmoil in Ukraine. On 11 December 2014, the US Senate passed the Ukraine Freedom Support Act of 2014 (S. 2828) (hereinafter the “Act”), which would significantly expand the scope of US economic sanctions against Russia if it became law. In addition, the US Treasury Department’s Office of Foreign Assets Control recently released additional guidance regarding the scope of existing US sanctions involving Ukraine and Russia.
