The Prime Minister of Denmark, Mette Frederiksen, has said that the country’s main parliamentary parties have agreed to abandon Russian gas in the near future. This could be a crucial theme in the market this week, as The United States is seeking EU support to curb Russian oil imports.
Meanwhile, the latest on this front is the news that the Speaker of the United States House of Representatives, Nancy Pelosi is considering legislation that would ban imports of Russian oil. The sanction has already been backed by a large number of Republicans and a growing number of Democrats. A bill to ban oil and energy imports from Russia would end normal trade relations with Russia and Belarus and cancel Moscow’s accession to the WTO.
On the other hand, it is reported that Japan is considering banning imports of Russian oilaccording to Kyodo News.
Source: Fx Street
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