Monthly Archives: May 2022
EU Considering Sixth Round of Sanctions Against Russia
Written on May 9, 2022 at 1:18 am, by 王建军
The EU has announced a new series of sanctions in their latest proposal. Included is a plan to phase out Russian crude imports in a span of six months. This means a ban on all Russian oil, crude and refined. Enacting the sanction will be a major challenge given that Russian oil accounted for 25%Continue Reading
Rate Hike Overshadows US ADP Nonfarm Employment Figures
Written on May 5, 2022 at 7:02 am, by 王建军
On Wednesday afternoon (GMT+3), the US ADP Nonfarm Employment Change figures were announced, revealing that employment in the US rose by 247,000, lower than the forecasted increase of 395,000 and the previous month’s increase of 479,000. Markets were largely unmoved by the ADP Employment figures as participants awaited the Fed’s interest rate decision. For theContinue Reading
Russia Cuts Gas to Poland and Bulgaria
Written on May 2, 2022 at 1:22 am, by 王建军
Gazprom, the Russian state-controlled energy giant, has announced that it has cut off supplies of natural gas to Poland and Bulgaria. The move is the first of its kind to result from the Kremlin’s insistence that “unfriendly countries” pay for Russian energy in rubles. Russia’s currency plunged into freefall at the onset of the Russia-UkraineContinue Reading
