China threatens Washington with imposing sanctions

China threatens Washington with imposing sanctions

China threatens Washington with imposing sanctions on buyers of Russian oil

After reducing Russian gas exports to Europe through Gazprom to 15% within 8 months,
this led to more tension and ignited the gas crisis between Russia and Europe,
and Washington is seeking decisions that limit Russia’s oil gains to support its war on Ukraine,
and among these decisions It is the imposition of secondary sanctions on Russian oil buyers
such as India and China, and this comes in light of the crisis situation between Washington
and Beijing regarding Nancy Pelosi’s upcoming visit to Taiwan.

 

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Chinese side

Decision Day: Markets are waiting for the Fed’s decision for the largest interest rate increase.

 

 

 

 

 

Chinese side

The Chinese side announced its strong opposition to US attempts to impose sanctions on Russian oil supplies to China,
and also threatened the Chinese authorities that it would seek to take strict measures
in the event of a visit by US House Speaker Nancy Pelosi to Taiwan,
in addition to US reports indicating China’s readiness for a military response in the occurrence of this Visit
despite Beijing’s warnings of a planned visit in August.

 

Russian side

The statements of the Russian side came through Foreign Minister Sergei Lavrov on Tuesday
that Russia is preparing to sell crude oil to any concerned country.
They are ready to sell oil and there are no sanctions,
whether it is India, China or any African country.
He also added that Russia is not satisfied with selling oil alone,
but seeks to develop national industries, produce oil products, and use gas in the industrial sector.

 

American side

Earlier, the US Secretary of Energy stated that the US administration is ready to impose sanctions on countries
that seek to buy Russian oil during its war on Ukraine and consider
this as indirect material support for Russia in its war, and America,
along with Britain, banned the purchase of Russian oil after Russia invaded Ukraine,
at a time when some countries such as India and China continue to buy from the Russian side,
and reports stated that the sanctions imposed by Europe banning
Russian gas have withdrawn about 1.5 million barrels per day from global markets.

artıcal name China threatens Washington with imposing sanctions

 

 

 

 

 

 

Decision Day: Markets are waiting for the Fed’s decision for the largest interest rate increase.

 

At today’s meeting, Wednesday, we await the decision of Federal Reserve Chairman Jerome,
the first largest increase in interest rates in decades,
and a reference to lower increases as of next September,
and it is expected that the Federal Open Market Committee will raise interest rates by 75 basis points
for the second time, and the meeting will be held In Washington at 2 p.m. this afternoon,
and 30 minutes later, Jerome Powell’s press conference will be held.

 

Powell seeks to curb the rising and stubborn inflation,
at a time when many criticize him for his delay in responding to the rise in prices last year,
which spread a state of anxiety in the financial markets
and investors about the decisions and confusion of the US Federal Reserve
and may lead to a state of recession.
But raising 75 basis points contributes to raising the Federal Reserve index to the target of 2.25% to 2.5%,
which is equivalent to its estimate of the neutral rate that neither stimulates nor restricts growth.
And Powell announced last June that the estimated increase of 50 or 75 basis points
was most likely for the July meeting, and we might be satisfied
with an increase of 50 basis points while keeping the options open.

All expectations point to a half-point hike at a time when the markets are fully pricing in a 75 basis point rise,
which reflects the recent slowdown in growth,
and which the Federal Open Market Committee will refer to as a slowdown in growth,
which reflects the moderation in consumer spending. Also,
the Federal Open Market Committee maintains its language in which
it pledges continuous price increases without specifying the size of the adjustments.

 

artıcal name China threatens Washington with imposing sanctions

 

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