Biden Extends Belarus Sanctions, Weekly CPI Data in Focus

LOCAL NEWS

• Biden extends US sanctions against Belarus for another year, saying its actions "pose an unusual and extraordinary threat to the national security and foreign policy of the US."
  • Also accused Belarus of committing human rights abuses related to political oppression and public corruption. Sanctions have hit 10 top officials and 9 state owned enterprises
• Blinken says poisoned relations with Germany may be the worst outcome of Nord Stream 2 construction for the US.
  • Says Germany no longer has incentives to sit down at the negotiating table with the US to mitigate negative geopolitical consequences from the pipeline
• Russian Diplomat shrugs off US remarks regarding sanctions on Nord Stream 2, saying they "did not attach much significance" to whether sanctions were imposed or not as this would not impact the pipeline's completion – Tass

Data

• 1700BST: Weekly CPI YTD, prior 3.4%
• 1700BST CPI WoW, prior 0.1%