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Japan Broadens Sanctions Scope With Asset Freezes

RUSSIA
  • Confirming the headlines that crossed early yesterday, Kommersant confirm that Russia will drop all COVID-19 related border restrictions from July 15th, with Russian citizens free to travel by land to Finland, Estonia and Latvia. For incoming travel, foreigners are now able to enter Russia with a negative PCR test.
  • On the Nordstream pipeline, Goldman Sachs now no longer see a full restoration of pipeline 1 as the “most probable scenario”. The Nordstream 1 pipeline remains scheduled for 10 days of maintenance that begin from July 11th.
  • The Japanese government have imposed broader asset freezes on an additional 62 Russian individuals and 6 entities. The broader restrictions now include Deputy PM Grigorenko.
  • PMI data out this morning shows services PMI beating expectations (51.7 vs. Exp. 49.0), helping the composite PMI back above the 50.0 level to 50.4 from 48.2 previously.
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  • Confirming the headlines that crossed early yesterday, Kommersant confirm that Russia will drop all COVID-19 related border restrictions from July 15th, with Russian citizens free to travel by land to Finland, Estonia and Latvia. For incoming travel, foreigners are now able to enter Russia with a negative PCR test.
  • On the Nordstream pipeline, Goldman Sachs now no longer see a full restoration of pipeline 1 as the “most probable scenario”. The Nordstream 1 pipeline remains scheduled for 10 days of maintenance that begin from July 11th.
  • The Japanese government have imposed broader asset freezes on an additional 62 Russian individuals and 6 entities. The broader restrictions now include Deputy PM Grigorenko.
  • PMI data out this morning shows services PMI beating expectations (51.7 vs. Exp. 49.0), helping the composite PMI back above the 50.0 level to 50.4 from 48.2 previously.