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In Washington's face

In Washington's face

UK's Boris Johnson announces Russia sanctions to ‘squeeze’ Moscow out of global economy

  • China has ramped up purchases into its #oil reserves this year even as oil prices soared, despite calls from Washington for a global coordinated stocks release to help cool the market
  • U.K. Prime Minister Boris Johnson announced that the U.K. government will freeze assets of all major Russian banks and block Russian entities from raising money on U.K. markets
  • The #Biden administration and its European allies vowed to block Moscow’s access to its sizable foreign currency reserves in the West, teeing up the one of the most powerful financial penalties
  • The last session saw #BTC drop 0.8% against USD
  • The last session saw #XAU drop 0.7% against #USD
  • #WTIUSD dove 2.9% in the last session

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