By Tyler Durden, Update (13:15 ET): What was largely a theoretical modeling exercise until moments ago, is set to go live because Reuters reports that the EU is set to declare a full embargo on Russian oil after this weekend’s French election: EU GAS PRICE TO SHOOT UP AS EU TO DECLARE EMBARGO ON RUSSIAN OIL […]

By Tyler Durden, For those curious who will pick up Russia’s trade slack now that most western nations have shunned the Putin regime, here’s your answer. On Wednesday, China revealed that overall trade with Russia soared to 243.03 billion yuan ($38.18 billion) in January-March, up 27.8% from a year earlier. It wasn’t just Russia however, […]

By Tyler Durden, In a world of heightened risks, investors often lean into ‘stores of value’ as a way to insulate capital from elevated volatility. So far, in 2022, gold has once again proven to be a preferred ‘store of value’ with the commodity gaining 5.7% YTD (even as the S&P has lost 6% of […]

By Tyler Durden, As Washington casts about for ways to tighten the financial screws on Russia, the Treasury late last night announced another measure to try and isolate Moscow from the international financial system. Per Reuters, the Russian state will no longer be allowed to make dollar debt payments from its accounts at US banks going forward. […]

By Tyler Durden, Via The Epoch Times, It is not possible to “completely nullify” the pressures on energy prices, a Cabinet minister has said, as demonstrators gather across the country over the cost-of-living crisis. But Northern Ireland Secretary Brandon Lewis said the Government is “looking… across the board at what we’re doing with the public’s money”, and will “put in […]

By Tyler Durden, Now that the Russian ruble has erased all of its post-incursion losses… …the Russian Central Bank decided on Friday that it would loosen restrictions on the transfer of funds abroad, much to the relief of ordinary Russians (particularly the wealthy, as well as the Middle class, who have increasingly been turning to […]