European Commission President Ursula von der Leyen agrees to pressure Russia
Source Fxstreet
European Commission (EC) President Ursula von der Leyen acknowledged she communicated with United States (US) President Donald Trump, and will instruct the EC to accelerate proposals to clamp down on Russian market access in retaliation for failing to reach a peacefire agreement with Ukraine.
Key highlights
I had a good call with Trump.
I had a call with Trump on strengthening our joint efforts to increase economic pressure on Russia through additional measures.
The Commission is to soon present a sanctions package.
Sanctions package to target crypto, banks and others.
The EU Commission will propose speeding up the phase-out of Russian fossil imports.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The NZD has failed to breach 0.5980 resistance against the USD, but downside attempts remain limited so far.
Oracle’s stock reversed a two-day 11% decline, surging over 3% as the company is seen as a key player in enabling TikTok to continue operating in the U.S.
The US Dollar (USD) stays under modest bearish pressure early Tuesday as investors adjust their positions ahead of the Federal Reserve's critical two-day policy meeting.
Statistics Canada will publish August’s inflation figures on Tuesday.
The USD/CHF pair falls sharply to near 0.7915 during the European trading session on Tuesday.
Related Instrument
