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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.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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