Sanctions incoming: the global diesel market is about to experience a shock to the system

FuelNuts & BoltsTrade & Border IssuesHot SpotsSalesMoney Matters
Written By Jennifer Joslyn

⛽️ Sanctions incoming: the global diesel market is about to experience a shock to the system.

Beginning on February 5th, the European Upon and its allies will be implementing the long-anticipated cap on the price of Russia’s fuel exports. This cap comes nearly a year after Russia’s invasion of Ukraine and serves as a sort of international punishment for the actions. Sanctions are already in place for the country’s crude oil exports, but the cap on diesel prices has some sincerely worried about the economic implications once it’s official.

Read more from Supply Chain Brain ▶

Featured
Chinese Hacking Targets European Cargo Shipping
Chinese Hacking Targets European Cargo Shipping

A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.

Is Hyperloop The Future of High-Speed Travel or Just Hype?
Is Hyperloop The Future of High-Speed Travel or Just Hype?

In the Netherlands, a new European Hyperloop Center has just opened, featuring a quarter-mile long white steel tube that might revolutionize how we travel and transport goods.

EU's Deforestation Crackdown is Underway
EU's Deforestation Crackdown is Underway

Deforestation is a major global problem, with agriculture responsible for a whopping 90% of it.

European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market
European Electric Vehicle Battery Supply Chain Faces Delays as Companies Prioritize US Market

The development of a European battery supply chain for electric vehicles independent of China is facing significant delays as companies shift their focus to the US market due to clean energy subsidies offered by the US Inflation Reduction Act.

France, Germany, and Italy Challenge EU's Draft AI Legislation, Threatening Regulatory Deadlock
France, Germany, and Italy Challenge EU's Draft AI Legislation, Threatening Regulatory Deadlock

France, Germany, and Italy have opposed the EU's draft AI legislation, particularly regulations concerning "foundation models" that underpin large AI language models.

Iceland Declares State of Emergency Amid Fears of Volcanic Eruption in Reykjanes Peninsula
Iceland Declares State of Emergency Amid Fears of Volcanic Eruption in Reykjanes Peninsula

Iceland has declared a state of emergency in response to a series of earthquakes on the Reykjanes peninsula, raising concerns about a potential volcanic eruption.

Orcas' Mysterious 'Attacks' on Boats Puzzle Scientists in Southern Europe and Northern Africa Waters
Orcas' Mysterious 'Attacks' on Boats Puzzle Scientists in Southern Europe and Northern Africa Waters

Orcas have been involved in a series of "attacks" on boats in the waters between southern Europe and northern Africa since 2020, with around 500 encounters reported.

Storm Ciarán Ravages Western Europe, Leaving Millions Without Power and Causing Havoc
Storm Ciarán Ravages Western Europe, Leaving Millions Without Power and Causing Havoc

Storm Ciarán swept through Western Europe, bringing record-breaking winds and causing widespread power outages, transportation disruptions, and significant damage.

Germany Allows France to Subsidize Nuclear Plants
Germany Allows France to Subsidize Nuclear Plants

Germany has allowed France to use state subsidies for its nuclear power plants, breaking a deadlock in EU electricity market reform discussions.

Belgian Intelligence Probes Logistics Hub of China's Alibaba at Local Airport
Belgian Intelligence Probes Logistics Hub of China's Alibaba at Local Airport

Belgium is investigating potential security risks related to China's Alibaba Group's presence at Liège Airport, where its main European logistics center is located.

UK's Pro-Motorist Policies Fuel 'Greenlash' in Europe as Governments Face Backlash
UK's Pro-Motorist Policies Fuel 'Greenlash' in Europe as Governments Face Backlash

The UK government's recent pro-motorist policies have contributed to a "greenlash" against ambitious environmental initiatives in Europe.

Electric Cars Face Backlash in Both the U.S. and Europe
Electric Cars Face Backlash in Both the U.S. and Europe

Former U.S. President Donald Trump and conservative politicians in Europe are intensifying their criticism of electric cars, making it a campaign issue on both sides of the Atlantic.

EU Electric Car Regulations Pose Billions in Costs for Carmakers
EU Electric Car Regulations Pose Billions in Costs for Carmakers

New Brexit trade rules related to electric vehicles could impose a significant financial burden on European auto manufacturers, potentially costing them £3.75 billion ($4.58 billion) over the next three years, as reported by BBC News.

Russia Continues to Depend on Europe for Oil Shipping
Russia Continues to Depend on Europe for Oil Shipping

Russia continues to depend on European shipping to transport its oil, even as its supplies exceed the price caps set by the Group of Seven (G-7) and its allies, according to the Centre for Research on Energy and Clean Air (CREA) based in Helsinki.

Europe's Alarming Air Pollution Crisis: 98% Exposed to Dangerous Levels
Europe's Alarming Air Pollution Crisis: 98% Exposed to Dangerous Levels

Europe is grappling with a severe public health crisis as nearly everyone on the continent resides in areas plagued by dangerous air pollution levels, according to an investigation by The Guardian.

Europe Sets Course for Stringent Emissions Legislation Impacting Shipping Industry
Europe Sets Course for Stringent Emissions Legislation Impacting Shipping Industry

Ships transporting goods in and out of the European Union will soon face significant emissions-related costs as they join the bloc's Emissions Trading System (ETS) starting in January 2024.

Germany Has Transformed From an Economic Powerhouse to a Downturn
Germany Has Transformed From an Economic Powerhouse to a Downturn

Germany, known for its economic prowess, is currently facing a stark reversal of fortune.

U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market
U.S. and EU Collaborate to Reduce Asia's Dominance in the Global Semiconductor Market

The U.S. and EU are taking steps to lessen Asia's stronghold on the global semiconductor market. With the shift of semiconductor manufacturing operations to major Asian countries, the U.S. and Europe have faced challenges in maintaining competitiveness.

Moody's Warns of Increased Supply Chain Risk Due to New EU Deforestation Legislation
Moody's Warns of Increased Supply Chain Risk Due to New EU Deforestation Legislation

Moody's has highlighted that the new Deforestation Regulation introduced by the European Union poses a significant risk to European supply chains.

Sennder and Poste Italiane Renew $2.5 Billion Joint Venture
Sennder and Poste Italiane Renew $2.5 Billion Joint Venture

Sennder, the German digital freight forwarder, has announced the renewal of its joint venture with Poste Italiane, Italy's postal operator.

AD Ports Group Expands Global Footprint with $720 Million Acquisition of Spanish Logistics Leader
AD Ports Group Expands Global Footprint with $720 Million Acquisition of Spanish Logistics Leader

Abu Dhabi-based AD Ports Group has successfully acquired Noatum, a leading provider of integrated logistics services operating in 26 countries worldwide.

Intel Expands Global Presence with Chip Production Facilities in Eastern Europe
Intel Expands Global Presence with Chip Production Facilities in Eastern Europe

Intel is investing $4.6 billion in a new assembly and testing facility in Poland and expanding its investment in a semiconductor fabrication plant in Germany, totaling approximately $33 billion.

Logistics Plus adds to European operations
Logistics Plus adds to European operations

Logistics Plus Inc., a logistics service provider based in Erie, Pennsylvania, has acquired Dutch company Jan Krediet in order to expand its presence in Europe.

Republicans ask SEC about EU cooperation over ESG rules
Republicans ask SEC about EU cooperation over ESG rules

Republican lawmakers Senator Tim Scott and Representative James Comer have expressed concerns about European Union (EU) environmental, social, and governance (ESG) measures gaining traction in the United States.

Italy Launches €1 Billion Sovereign Fund to Strengthen Critical Supply Chains
Italy Launches €1 Billion Sovereign Fund to Strengthen Critical Supply Chains

Italy has unveiled plans to establish a €1 billion sovereign fund to support strategic companies and enhance domestic production, aiming to strengthen key supply chains.

Comparing the US and Europe: The Electric Vehicle Landscape
Comparing the US and Europe: The Electric Vehicle Landscape

European governments have traditionally been more aggressive in regulating fuel consumption, but the United States is catching up with strict emissions regulations and fines for automakers that fail to meet EV sales targets.

EU Targets Strengthening Supply Chains Against Cyber Threats
EU Targets Strengthening Supply Chains Against Cyber Threats

Under new EU regulations set to come into force in 2024, European transport and logistics firms, including airlines, airports, and shipping lines, will have to bolster their cybersecurity measures.

France and the UK explore the use of hydrogen for EVs
France and the UK explore the use of hydrogen for EVs

A new hydrogen production plant aims to solve the problems with refueling and distribution snags.

European Uprising Underway over Electric Vehicles
European Uprising Underway over Electric Vehicles

Ever since the war started between Russia and Ukraine, many European countries have reverted to using coal and other less environmentally friendly practices.

Russia Faces Sanctions from 8 Countries
Russia Faces Sanctions from 8 Countries

Over the past year, Eventwatch has sent out more than 242 alerts about sanctions against Russia.

Jennifer Joslyn
Previous

Has Elon Musk’s opinion on Artificial Intelligence changed?
Next

The frozen food supply chain is on a roll