EU sanctions, more in the pipeline?
b'Wednesday 1st June 2022The EU has agreed to an immediate ban on oil exported by sea from Russia, with a further ban on EU and UK insurance of Russian vessels exporting oil elsewhere. On today\\u2019s podcast NAB\\u2019s Taylor Nugent discusses the tightening of restrictions and the impact on commodity prices and Europe\\u2019s rising inflation numbers \\u2013 which exceeded expectations overnight. Meanwhile, a meeting between Biden and Powell today, representing two supposedly independent entities, demonstrates the dichotomy between controlling inflation and avoiding economic hardship. Today\\u2019s Australian GDP numbers will demonstrate how we have it better than most with 0.7% growth expected QoQ \\u2013 although that figure would have been higher without a higher negative trade balance.
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