US senators propose punishment for major ally

The US weaponry guarding Riyadh’s oil infrastructure should be moved to Ukraine, lawmakers suggest US weapons should be withdrawn from Saudi Arabia as punishment for oil output cuts, announced last week by the de-facto leader of the Organization of the Petroleum Exporting Countries (OPEC), Democratic lawmakers have said.

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EU won’t fine banks which fail to reveal Russian assets – Politico

The proposed measure reportedly faced pushback from nearly half of the bloc’s member states The tenth round of EU sanctions on Russia will not include fines for banks that fail to report frozen Russian assets, Politico reported on Wednesday, citing sources close to the discussions.

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G7 warns of inflation danger

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