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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Borrell: EU Not Currently Discussing Ban On Russian Gas
The EU's foreign policy chief Josep Borrell has stated that the EU is not currently discussing a ban on Russian gas to follow the phased ban on Russian Oil.
- Borrell stressed that there are 'entire sectors of the European petrochemical industry that cannot work without gas.'
- The remarks seem to contradict comments the office of German Chancellor Olaf Scholz this afternoon suggesting that a ban on Russian gas may be next on the agenda for the EU.
- Bloomberg: 'Germany expects the EU to turn its sights on Russian gas once a phased-in ban on Russian oil imports has been agreed, according to Chancellor Olaf Scholz’s top economic adviser.'
- Scholz adviser Joerg Kukies: We’ve reduced our dependence on Russian coal almost to zero. We are in the process as we speak of negotiating an embargo of Russian oil by the end of the year. “And what’s up next? Gas!'
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.