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Now: Geopolitical Unrest the Market Mover

Now: Geopolitical Unrest the Market Mover

The 6th package of sanction over Russia is finally finalized yesterday by the EU representatives. In the agreement, they will ban 90% of the oil import from Russia by the end of this year. At the moment, they will immediately stop 75% of oil import from Russia with left the exception the import by the pipelines.

This agreement also includes all kind of asset freeze and travel bank on individual. The Russian biggest bank also under the pressure when the sanction has excluded the bank from the SWIFT system. The EU also agreed to provide Ukraine with 9 billion Euro stage by stage in order to assist and support the economy that affected by the war.

1 June 2022

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