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Local Markets Closed for National Holiday, US to Unveil New Sanctions Package

RUSSIA
  • Note that local markets are closed today as Russia celebrates Defender of the Fatherland Day.
  • The US will sanction more than 500 people and entities linked to Russia’s war machine, Bloomberg report, according to a Treasury Department spokesperson. The actions will be announced Friday by the State and Treasury Departments, the spokesperson said. Earlier this week, President Joe Biden had said the US planned to unveil a “major” sanctions package following the death of Russian opposition leader Alexey Navalny.
  • Looking ahead to next week, retail sales, unemployment rate and industrial production figures are the highlights on the local slate.
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