EU split on Russian oil price cap escalates – Politico

Despite opposition from multiple members, the bloc wants to press ahead with the controversial step The European Union will reportedly not impose an eighth round of sanctions on Moscow unless its member states agree to include a price cap on Russian oil exports.

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Russia moves to withdraw from WTO, WHO

Proposals for ending membership in the international organizations have been sent to the parliament Russia’s lower house of parliament, the State Duma, is planning to discuss the potential withdrawal of the country from the World Trade Organization (WTO) and the World Health Organization (WHO), according to Pyotr Tolstoy, the vice speaker of the parliament.

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World’s largest free-trade pact comes into force

Malaysia’s Ministry of International Trade and Industry announced on Friday that the Regional Comprehensive Economic Partnership (RCEP) has come into force in the country. The free-trade agreement encompasses an estimated 30% of both the world’s population and of its global GDP.

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