EMERGING MARKETS: Sanctions on Russia Dominating Global News Developments
Oct-23 10:09
- US/RUSSIA (WSJ): President Trump has announced substantial new sanctions on Russia's two biggest oil companies as frustration in Washington grows over the war in Ukraine. The new sanctions, which would be the first direct U.S. measures on Russia during the second Trump administration, target Lukoil and Rosneft as well as nearly three dozen of their subsidiaries. The U.S. sanctions could bar foreign countries or companies from conducting business with the oil companies and cut them off from much of the international financial system.
- EU/RUSSIA (BBG): The European Union adopted a new package of sanctions targeting Russia’s energy infrastructure, joining a new US push to chip away at Moscow’s ability to wage its war against Ukraine. The EU measures will ban LNG imports from 2027, according to a statement from European Commission President Ursula von der Leyen.
- US/INDIA (BBG): Flows of Russian oil to major Indian refiners — a boon for both countries’ economies over the past three years — are expected to fall to near zero after the US imposed sanctions on crude giants Rosneft PJSC and Lukoil PJSC.
- US/CHINA (MNI): China and the U.S. will hold a new round of trade talks in Malaysia from Oct 24 to 27, according to a statement on the Ministry of Commerce website Thursday. By mutual agreement, Vice Premier He Lifeng will lead a delegation to hold economic and trade negotiations with the U.S., the statement said.
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SX5E (19th Dec) 4600p, bought for 20.60 in 4k.
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