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RUSSIA: Biden Hardens Sanctions Against Possible Trump Reversal

RUSSIA
CEEMEAEM BulletRussiaBulletEmerging Market News
  • The US Treasury Department announced it’s re-designating nearly 100 entities under an executive order that would require Trump to notify Congress if he attempts to lift the sanctions, Bloomberg report. In addition, the department also sanctioned a network of financial institutions and companies operating in both Russia and China that help the Kremlin evade sanctions.
  • Speaking in an interview with Polish media outlets on Wednesday, Zelenskiy replied in the affirmative when asked if he believes there is now higher chance of the hostilities drawing to a close in 2025, Bloomberg report.
  • Russian businesses have a negative view of the CBR’s switch to a policy of high interest rates, even though they understand the need to fight inflation, Vedomosti report citing a survey of companies in the real sector.
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  • The US Treasury Department announced it’s re-designating nearly 100 entities under an executive order that would require Trump to notify Congress if he attempts to lift the sanctions, Bloomberg report. In addition, the department also sanctioned a network of financial institutions and companies operating in both Russia and China that help the Kremlin evade sanctions.
  • Speaking in an interview with Polish media outlets on Wednesday, Zelenskiy replied in the affirmative when asked if he believes there is now higher chance of the hostilities drawing to a close in 2025, Bloomberg report.
  • Russian businesses have a negative view of the CBR’s switch to a policy of high interest rates, even though they understand the need to fight inflation, Vedomosti report citing a survey of companies in the real sector.