International Trade

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Corn sees longest weekly rally since May as war lifts demand

Bloomberg | March 13, 2022 | International Trade | Commodity

Corn futures capped Friday with their longest weekly rally since May as war in Ukraine sidelines supplies and leaves buyers turning elsewhere for grain.

Japan joins US and EU in banning chip exports to Russia

Bloomberg | March 11, 2022 | International Trade

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Commerce restricts the export of luxury goods to Russia, Belarus and to Russian and Belarusian oligarchs

AJOT | March 11, 2022 | International Trade

Today, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) imposed restrictions on the export, reexport, and transfer (in country) of luxury goods to all end users in the Russian Federation (Russia) and Belarus and to certain Russian and Belarusian oligarchs and malign actors located worldwide. This action is in response to Russia’s brutal, continuing invasion of Ukraine (as substantially enabled by Belarus) in flagrant violation of international law.

India industries must keep importing pricey coal, secretary says

Bloomberg | March 11, 2022 | Energy | International Trade | Commodity

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Richest Russian dissents on Putin’s tit-for-tat over sanctions

Bloomberg | March 11, 2022 | International Trade | Commodity

Billionaire Vladimir Potanin, Russia’s richest man and one of the few tycoons to escape sanctions, tore into every aspect of his country’s retaliation against international penalties enacted over President Vladimir Putin’s invasion of Ukraine.

Biden bans iconic Russian imports and calls for trade downgrade

International Trade

Bloomberg | Top Story | March 11, 2022

Biden bans iconic Russian imports and calls for trade downgrade

President Joe Biden said he would ban imports of Russian vodka, caviar and diamonds and called on U.S. lawmakers to join Western allies in revoking the country’s preferential trade status following the Ukraine invasion.

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Ocado wins US trade case brought by AutoStore over robots

Bloomberg | March 11, 2022 | International Trade | Logistics

Ocado Group Plc won a trade case lodged by AutoStore Holdings Ltd. that threatened its plans to expand its robotic warehouses into the U.S.

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Major Ukrainian food exporter flips to feed a nation at war

Bloomberg | March 11, 2022 | International Trade | Commodity

Ukrainian food conglomerate MHP SE built its business exporting grains and poultry to Europe, the Middle East and North Africa. War forced a pivot, and now the company supplies the Ukrainian army and delivers ready-to-eat chicken to civilians in bombed-out cities.

Tech walls off Russia like never before, posing new risks for US

International Trade

Bloomberg | Top Story | March 11, 2022

Tech walls off Russia like never before, posing new risks for US

A historic effort to isolate the country could set back its defense-industrial complex by decades but push Putin toward China.

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$4.55 million in fake jewelry seized by CBP officers in Louisville

AJOT | March 11, 2022 | Air Cargo | Airports | International Trade

U.S. Customs and Border Protection (CBP) officers that inspect packages at the Express Consignment Operation (ECO) hub in Louisville see a variety of illegal items arriving and departing the U.S. Recently, however, CBP officers seized three packages in a 24-hour timeframe concealing watches, bracelets, necklaces, earrings, and rings totaling over $4.55 million.