Monday, October 02, 2017

Russain-U.S. Saber Rattling Might Be Bullish For Oil

US tightens financial sanctions on Russian banks, energy firms

The US Treasury Friday announced tighter financial sanctions on Russian banks and energy firms because of Moscow's continued interference in Ukraine. In a move aimed at making it harder for Russia's top financial institutions and oil and gas companies to raise long-term funding, the Treasury cut the length of maturity of bonds issued by those companies…

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