Russia Sanctions: EU Targets Oil & Banks, Stablecoin Bill Boosts Crypto | Bloomberg The Pulse 7/18
July 18, 2025
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48:03Now PlayingRussia Sanctions: EU Targets Oil & Banks, Stablecoin Bill Boosts Crypto | Bloomberg The Pulse 7/18
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as posted by the channelEuropean Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum. The package, the bloc’s 18th since Moscow’s full scale invasion, will see about 20 more Russian banks cut off the international payments system SWIFT and face a full transaction ban, as well as restrictions imposed on Russian petroleum refined in third countries. A large oil refinery in India, part-owned by Russia’s state-run oil company, Rosneft, was also blacklisted. In markets news, the total market capitalization of crypto assets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector.
Today's guests: Eelco Heinen, Dutch Finance Minister, Matheus Dibo, Goldman Sachs Private Wealth Management Investment Strategy Group Managing Director, Marcus Garvey, Macquarie Head of Commodities Strategy, Sanusha Naidu, Institute for Global Dialogue Senior Research Fellow
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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