The decision in Parliament, opposed by environmentalists, will allow prospectors to start surveying the country’s waters.
Attacks on two dozen ships since November are forcing shipping lines to figure out whether and when to skip the Suez Canal and send vessels on longer voyages around Africa.
The country’s trade with Russia this year has exceeded $200 billion, and makers of cars and trucks are the big winners.
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
The British and European car industries had lobbied for a delay in a measure that would have added costly tariffs to many electric vehicles.
The Biden administration issued new rules to prevent Chinese firms from supplying parts for electric cars set to receive billions of dollars in tax credits.
Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.
The European Commission president, Ursula von der Leyen, announced the inquiry amid growing concern about China’s dominance over electric vehicles.
Doing business in China, once seen as a can’t-miss opportunity, poses a troubling dilemma: Reasons to stay can be as compelling as the reasons to retreat.