US wants to punish banks linked to Russia – Reuters

The US could target more banks linked to Russia with sanctions and is set to tighten enforcement of existing restrictions, Reuters has reported, citing a senior US official.    Sanctions imposed by Washington and its allies “immobilized about 80% of the assets in the Russian banking sector,” according to the head of the US State…

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EU announces plan for Russian gas substitute

The EU is planning to increase liquefied natural gas (LNG) imports from Nigeria amid concerns that supply from Russia may be cut, according to the deputy director general of the European Commission’s Energy Department.

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China downplays risk of EU ‘trade war’

Beijing’s clarification of its stance on commerce with the European Commission comes after the bloc warned of a “growing trade imbalance” China has invited EU member states to take advantage of its “mega market,” responding after the European Commission warned it could soon deploy protectionist measures to guard local industry from Chinese firms.

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