European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum. The package, the bloc’s 18th since Moscow’s full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft, was also blacklisted. In markets news, the total market capitalization of crypto assets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector.
Today’s guests: Eelco Heinen, Dutch Finance Minister, Matheus Dibo, Goldman Sachs Private Wealth Management Investment Strategy Group Managing Director, Marcus Garvey, Macquarie Head of Commodities Strategy, Sanusha Naidu, Institute for Global Dialogue Senior Research Fellow
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:01:41 – Fed’s Waller Calls for Rate Cuts in July
00:04:37 – US to Impose Anti-Dumping Levy on Chinese Graphite
00:09:42 – Eelco Heinen, Dutch Finance Minister Speaks to Bloomberg
00:17:37 – Matheus Dibo, Goldman Sachs Private Wealth Management Investment Strategy Group Managing Director
00:19:47 – Dibo: Expect Three Fed Cuts This Year
00:24:51 – Oil Climbs as EU Tightens Russian Sanctions With Lower Price Cap
00:26:19 – Marcus Garvey, Macquarie Head of Commodities Strategy
00:32:29 – US Congress Passes Stablecoin Bill
00:32:58 – Netflix Tops Wall Street’s Lofty Estimates
00:39:43 – UK, Germany Treaty on Trade, Transportation and Migration
00:42:11 – G-20 Nearing Deal on Communique
00:45:06 – Sanusha Naidu, Institute for Global Dialogue Senior Research Fellow
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More on Bloomberg Television and Markets
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