The price cap on Russian oil has so far failed to stop Moscow from earning revenue for its war against Ukraine, witnesses told the U.K. Parliament this week. While one witness said the U.K. should consider placing new restrictions on certain energy purchases from companies that are still buying Russian oil, another said that may be too complicated for businesses to comply with.
The World Trade Organization's Dispute Settlement Body met on April 26 and was introduced to the new facilitator of the dispute settlement reform talks: Mauritius's Usha Dwarka-Canabady, the WTO announced. The chair of the DSB, Norway's Petter Olberg, said that Dwarka-Canabady accepted the role on April 18 after the "convenor" of the reform process left.
The Office of Foreign Assets Control is sanctioning 16 entities, eight people, five vessels and one aircraft for their involvement in the Iranian military’s drone trade, the agency announced April 25.