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Ukrainian President Zelenskys senior aide Yermak: As long as Ukrainian President Zelensky is in office, no one can expect us to give up territory.On November 28th, it was reported that Bank of Americas systemic importance was upgraded by the Financial Stability Board (FSB), meaning it will face higher capital requirements. In the FSBs list of Global Systemically Important Banks (GSIBs), the bank was moved to the third highest tier. The additional capital buffer required by the company increased from 1.5% to 2%. Deutsche Bank was downgraded one tier, with its additional capital requirement decreasing to 1%. Aside from these changes compared to the previous year, there were no other adjustments.On November 28th, the British government announced a postponement of sanctions against the international operations of Russias Lukoil company, the latest example of Western countries taking a cautious approach towards the energy giant. The UKs Financial Sanctions Enforcement Office stated that the grace period for sanctions against Lukoil International Limited and its subsidiaries will be extended to February 26th next year. The sanctions were originally scheduled to take effect at midnight on November 28th. Lukoil, along with another Russian energy giant, Rosneft, was also sanctioned by the United States in October, with some of those sanctions also receiving extensions.Hang Seng Index futures closed down 0.03% at 25,935 points in overnight trading, 11 points lower than the benchmark.A suspected terrorist attack has been reported near Jerusalem, resulting in one person being shot.

G7 to impose restrictions on new Russian gold imports on Tuesday, according to a U.S. official

Haiden Holmes

Jun 27, 2022 11:14


The Group of Seven wealthy democracies will restrict Russian gold imports on Tuesday, a senior U.S. administration official said on Sunday, as part of ongoing efforts to hold Russia accountable for its involvement in the Ukraine war and prevent attempts to circumvent Western sanctions.


The official indicated that the United Kingdom and the United States will announce the decision on Sunday, followed by a formal declaration on Tuesday.


"Putin will continue to face accountability from the president and other G7 leaders. Today, the United States and the United Kingdom stated that the G7 will restrict the importation of gold from Russia. Tuesday will be the day of the official announcement, "said the official.