US sanctions against Russia:Â Russia will respond to the new US sanctions coming into force on Monday accordingly, following the assessment of their impact.
Tag: oil
The two economic giants completed trade talks on Thursday among mid-level officials, without any major breakthroughs, as it was widely expected. New tariffs kicked in on $16 billion worth of imports from China by the USA, followed immediately by reciprocal tariffs from China.
Brent oil is up 1.52 dollar a barrel ahead of a report indicating a fall in US crude inventories. Tighter supplies are also expected following US sanctions on Iran.
U.S. businesses warn Trump administration that new tariffs on $200 billion of Chinese imports will cause consumers to pay more. Trade tensions escalate as the trading rivals make little effort to settle the dispute.
The Trump administration announced overnight that fresh US sanctions are to be imposed on Moscow.