sanctioned

Government authorities have stepped in with official relief measures and sanctioned mourning activities, such as flying flags at half-staff and the establishment of designated condolence sites.

After the U.S. in 2019 sanctioned Venezuela’s oil industry, Iran sent small fuel cargoes to try to ease chronic shortages.

The U.S. sanctioned Lukoil in October to increase pressure on Moscow, prompting the company to put its overseas assets up for sale.

Explosions rocked two tankers sanctioned for carrying Russian oil, the latest in a spate of blasts on such vessels, sparking a rescue operation off Turkey’s Black Sea coast.

While a peace deal would open the doors to previously sanctioned Russian energy exports, the growing odds of a December cut by the Fed could aid global fuel demand, the analyst adds.