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Russia war sanctions latest news: U.S. President Biden announced Tuesday that the U.S. is "targeting the main artery of Russia's economy" by banning imports of Russian oil, the latest sanction intended to punish Moscow for its invasion of Ukraine.
"We will not be part of subsidizing Putin's war," he said in the Roosevelt Room at the White House.
Biden's announcement came amid rising pressure from Democrats and Republicans, and it reflects a willingness to accept the political risk of rising gas prices to economically retaliate against Russia.
"Defending freedom is going to cost," Biden said. "It's going to cost us as well in the United States."
Although Biden has tried to work in concert with European allies, he acknowledged that many are not announcing a similar ban because they're more reliant on Moscow for oil and gas.
"So we can take this step when others can not," he said. "But we're working closely with Europe and our partners to develop a long term strategy to reduce their dependence on Russian energy as well."

Biden bans Russian oil, EU does not join in as U.S. target 'the main artery of Russia's economy'

“The United States is targeting the main artery of Russia’s economy,” Biden said Tuesday in Washington. “We will not be part of subsidizing Putin’s war.” 

Watch: Biden plays oil ban card, was it the last trump card left?

Biden: US ban on Russia oil a blow to 'Putin's war' - AP feed "Today I'm announcing the United States is targeting the main artery of Russia's economy. We're banning all imports of Russian oil and gas and energy. That means Russian oil will no longer be acceptable at U.S. ports, and the American people will deal another powerful blow to Putin's war machine. This is a move that has strong bipartisan support in Congress, and I believe in the country. Americans have rallied support ... have rallied to support the Ukrainian people and made it clear we will not be part of subsidizing Putin's war. This made ... we made this decision in close consultation with our allies and our partners around the world, particularly in Europe, because a united response to Putin's aggression has been my overriding focus, to keep all NATO and all the EU and our allies totally united. We're moving forward this ban understanding that many of our European allies and partners may not be in a position to join us. The United States produces far more oil domestically than all of Europe... all the European countries combined. In fact, we're a net exporter of energy. So, we can take this step when others cannot. But we're working closely with Europe and our partners to develop a long term strategy to reduce their dependence on Russian energy as well."

<div class="abstract-item-text__d2d4dde8">U.K. to allow coal, natural gas; Europe won&rsquo;t participate</div>

Russia war sanctions latest news: U.S. President Biden announced Tuesday that the U.S. is "targeting the main artery of Russia's economy" by banning imports of Russian oil, the latest sanction intended to punish Moscow for its invasion of Ukraine.
Also read &amp; watch|&nbsp;<a title="Crude Oil could go to $300/bbl warns Russia if oil export is sanctioned" href="https://www.editorji.com/business-news/crude-oil-could-go-to-300-bbl-warns-russia-if-oil-export-is-sanctioned-1646730856598">Crude Oil could go to $300/bbl warns Russia if oil export is sanctioned</a>
"We will not be part of subsidizing Putin's war," he said in the Roosevelt Room at the White House.
Biden's announcement came amid rising pressure from Democrats and Republicans, and it reflects a willingness to accept the political risk of rising gas prices to economically retaliate against Russia.
"Defending freedom is going to cost," Biden said. "It's going to cost us as well in the United States."
Although Biden has tried to work in concert with European allies, he acknowledged that many are not announcing a similar ban because they're more reliant on Moscow for oil and gas.
"So we can take this step when others can not," he said. "But we're working closely with Europe and our partners to develop a long term strategy to reduce their dependence on Russian energy as well."

In a warning that would burn holes in global economies, Russian Deputy Prime Minister said crude oil could surge to $300/bbl if western forces implemented a ban on Russian fuel.&nbsp;In a televised broadcast&nbsp;Deputy Prime Minister Alexander Novak&nbsp;said "Rejection of Russian oil would lead to catastrophic consequences for the global market..&nbsp;The surge in prices would be unpredictable. It would be $300 per barrel if not more."Crude oil prices surged to their highest levels since 2008 after U.S. Secretary of State Antony Blinken said western allies were considering banning oil imports from Russia in response to its invasion of Ukraine.

Crude Oil could go to $300/bbl warns Russia if oil export is sanctioned

Big Warning on Oil Prices from Russia

Antony Blinken:&nbsp;western allies were considering banning oil imports from Russia in response to its invasion of Ukraine.

In a warning that would burn holes in global economies, Russian Deputy Prime Minister said crude oil could surge to $300/bbl if western forces implemented a ban on Russian fuel.&nbsp; In a televised broadcast&nbsp;Deputy Prime Minister Alexander Novak&nbsp;said "Rejection of Russian oil would lead to catastrophic consequences for the global market..&nbsp;The surge in prices would be unpredictable. It would be $300 per barrel if not more." Crude oil prices surged to their highest levels since 2008 after U.S. Secretary of State Antony Blinken said western allies were considering banning oil imports from Russia in response to its invasion of Ukraine.

In one of the most vertical moves every seen in the commodity market, Nickel jumped as much as 90% on the London Metal Exchange as the Russia-Ukraine war sparked fresh anxiety of shortages. Russia is one of the world’s biggest suppliers of the metal that is used across the board by old school industry and booming tech as well. More than 70% of the global supply of nickel goes into making stainless steel. Nickel is also key component in manufacturing EV batteries. Currently, only about 7% of the supply goes to battery makers but the demand is on the rise. Elon Musk founder of the EV ride Tesla has already declared that due to the tight supply concerns the company would be looking at new options of metals to use in EV batteries. Indonesia is the top producer of Nickel but Russia via it's mines in Siberia provides a higher grade of Nickel which is more suited for batteries. 

Russia war impact: Nickel prices up 90% in a single day, here is why it matters to you

In one of the most vertical moves every seen in the commodity market, Nickel jumped as much as 90% on the London Metal Exchange as the Russia-Ukraine war sparked fresh anxiety of shortages. 

This commodity just jumped 90% in a day, hitting Tesla to Tatas

<ul>
<li>Nickel jumped as much as 90% on the London Metal Exchange</li>
<li>Russia is one of the world&rsquo;s biggest suppliers of the metal&nbsp;</li>
<li>70% of the global supply of nickel used in stainless steel</li>
<li>Nickel is critical to making EV batteries&nbsp;</li>
<li>Musk: Nickel market is tight, must look at options for EV</li>
</ul>

Nickel&nbsp;surged to a record high in one of the most extreme price moves ever seen on the London Metal Exchange

In one of the most vertical moves every seen in the commodity market,&nbsp;Nickel jumped as much as 90% on the London Metal Exchange as the Russia-Ukraine war&nbsp;sparked fresh anxiety of shortages.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/the-oil-bets-are-on-crude-prices-likely-to-surge-to-200-bbl-1646649246488" target="_blank">Crude prices likely to surge to $200/bbl</a> Russia is one of the world&rsquo;s biggest suppliers of the metal that is used across the board by old school industry and booming tech as well.&nbsp;More than 70% of the global supply of nickel goes into making stainless steel. Nickel is also key component in manufacturing EV batteries.&nbsp;Currently, only about 7% of the supply goes to battery makers but the demand is on the rise.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/russia-war-latest-russia-threatens-to-shut-off-gas-markets-tremble-as-prices-sky-rocket-1646710656665" target="_blank">Russia threatens to shut off gas, markets tremble as prices sky rocket</a> Elon&nbsp;Musk founder of the EV ride Tesla has already declared that due to the tight supply concerns the company would be looking at new options of metals to use in EV batteries.&nbsp; Indonesia is the top producer of Nickel but Russia via it's mines in Siberia provides a higher grade of Nickel which is more suited for batteries.&nbsp;

Russia war latest: In a move that would make EU's largest economy literally shiver, Russia threatened to cut gas supplies via the Nord Stream 1 pipeline to Germany as a response to the sanctionsIn a broadcast on the state television Deputy Prime Minister Alexander Novak said “We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline.” Talks of supply hit has sent EU gas prices soaring, up over 30% in a single day hitting record high. Roughly 40% of EU gas imports and one quarter of its oil come from Russia. 

Russia war latest: Russia threatens to shut off gas, markets tremble as prices sky rocket

Talks of supply hit has sent EU gas prices soaring, up over 30% in a single day hitting record high. Roughly 40% of EU gas imports and one quarter of its oil come from Russia. 

Russia threatens to shut off gas

Russia could cut gas supplies via the Nord Stream 1 pipeline to Germany, but it has not made such a decision yet, Deputy Prime Minister Alexander Novak said on Monday.

Russia war latest: In a move that would make EU's largest economy literally&nbsp;shiver, Russia threatened to&nbsp;cut gas supplies via the Nord Stream 1 pipeline to Germany as a response to the sanctions In a broadcast on the state television&nbsp;Deputy Prime Minister Alexander Novak said &ldquo;We have every right to take a matching decision and impose an embargo on gas pumping through the Nord Stream 1 gas pipeline.&rdquo;&nbsp; Talks of supply hit has sent EU gas prices soaring, up over 30% in a single day hitting record high.&nbsp;Roughly 40% of EU gas imports and one quarter of its oil come from Russia.&nbsp;

Futures and options trade of Crude Oil in the international market is indicating that traders are betting that prices could soar as high as $200/bbl as the US threatens sanctions against Putin&nbsp;backed oil. Russia is the second largest exporter of oil just behind Saudi Arabia.Vitol Group, the world&rsquo;s biggest independent crude trader was quoted as saying there are many twists and turns to come and the market could see shortages going ahead.&nbsp;JPMorgan Chase also said last week that Brent crude could end the year at&nbsp;$185 a barrel if oil supply from Russia is disrupted.&nbsp; Several commodity&nbsp;hedge funds&nbsp;and Wall Street banks such as Goldman Sachs Group , which says oil could reach&nbsp;$150 which is now in kissing distance.&nbsp;

The Oil bets are on: Crude prices likely to surge to $200/bbl

Futures and options trade of Crude Oil in the international market is indicating that traders are betting that prices could soar as high as $200/bbl as the US threatens sanctions against Putin backed oil. Russia is the second largest exporter of oil just behind Saudi Arabia.


Crude prices likely to surge to $200/bbl

Possible Russian energy ban sends oil prices soaring

Futures and options trade of Crude Oil in the international market is indicating that traders are betting that prices could soar as high as $200/bbl as the US threatens sanctions against Putin&nbsp;backed oil. Russia is the second largest exporter of oil just behind Saudi Arabia. Vitol Group, the world&rsquo;s biggest independent crude trader was quoted as saying there are many twists and turns to come and the market could see shortages going ahead.&nbsp; JPMorgan Chase also said last week that Brent crude could end the year at&nbsp;$185 a barrel if oil supply from Russia is disrupted.&nbsp; Several commodity&nbsp;hedge funds&nbsp;and Wall Street banks such as Goldman Sachs Group , which says oil could reach&nbsp;$150 which is now in kissing distance.&nbsp;

Russia-Ukraine War: Chaos in Markets as gold and oil surge while equities tank. Here are the top highlights 

US considers ban on Russian crude oil
Oil prices surge to $130/bbl
Crude oil surges to highest level in 13 years
Asian markets slide 3% as crude rises
Rush to safety, Gold prices surge to $2000/oz
Currencies under pressure as Dollar surges, Yen at 6 month low 


Russia-Ukraine war: Markets in a muddle, as Oil surges Gold glitters beyond 2000

Russia-Ukraine War: Chaos in Markets as gold and oil surge while equities tank. Here are the top highlights 

Market Mood check on Monday

US may ban Russian crude oil import adding shortage concerns

Russia-Ukraine War: Chaos in Markets as gold and oil surge while equities tank. Here are the top highlights&nbsp;
Also read &amp; watch|&nbsp;<a title="This is next step by US could play havoc with your petrol diesel bill" href="https://www.editorji.com/business-news/this-is-next-step-by-us-could-play-havoc-with-your-petrol-diesel-bill-1646623116662">This is next step by US could play havoc with your petrol diesel bill</a>
<ul>
<li>US considers ban on Russian crude oil</li>
<li>Oil prices surge to $130/bbl</li>
<li>Crude oil surges to highest level in 13 years</li>
<li>Asian markets slide 3% as crude rises</li>
<li>Rush to safety, Gold prices surge to $2000/oz</li>
<li>Currencies under pressure as Dollar surges, Yen at 6 month low&nbsp;</li>
</ul>

With crude from Russia runs dry due to sanctions the eye of the globe shifts to another sanctioned nation, Iran to come to the rescue. All efforts are on to salvage a landmark nuclear deal with Tehran  that could bring Iranian oil back to the global market. The chief of the the world’s atomic watchdog IAEA is headed to Tehran for a meeting on Saturday.Iran, which holds the world’s No. 2 natural gas and No. 4 crude reserves,  has the potential to provide 1 million barrels a day. At the peak Iranian oil exports clocked 2.8 million barrels per day. Crude currently is trading near the highest level since 2007 as supply shortage concerns continue to escalate. According to a report, Iran has been moving millions of barrels of oil into tankers since December in preparation for a deal. 

Ukraine-Russia war: Iran to the rescue of oil markets ?

All efforts are on to salvage a landmark nuclear deal with Tehran  that could bring Iranian oil back to the global market. The chief of the the world’s atomic watchdog IAEA is headed to Tehran for a meeting on Saturday.

Iran to the rescue of oil markets ? Sanctioned nation says ready to export crude

Russia&rsquo;s invasion of Ukraine has sent oil prices beyond $110 for the first time since 2013&nbsp;

With crude from Russia runs dry due to sanctions the eye of the globe shifts to another sanctioned nation, Iran to come to the rescue.&nbsp;
Also read &amp; watch|<a title="&nbsp;This country has an inflation rate of 54% and it is about get a lot worse" href="https://www.editorji.com/business-news/economy/this-country-has-an-inflation-rate-of-54-and-it-is-about-get-a-lot-worse-1646387901297">&nbsp;This country has an inflation rate of 54% and it is about get a lot worse</a> All efforts are on to salvage a landmark nuclear deal with Tehran that could bring Iranian oil back to the global market. The chief of the world&rsquo;s atomic watchdog IAEA is headed to Tehran for a meeting on Saturday. Iran, which holds the world&rsquo;s No. 2 natural gas and No. 4 crude reserves,&nbsp; has the potential to provide 1 million barrels a day.&nbsp;At the peak Iranian oil exports clocked 2.8 million barrels per day.&nbsp; Crude currently is trading near the highest level since 2007 as supply shortage concerns continue to escalate.&nbsp; According to&nbsp;a&nbsp;report,&nbsp;Iran has been moving millions of barrels of oil into tankers since December in preparation for a deal.&nbsp;

Food to fuel everything is getting more expensive as the war wages on. The price of wheat climbed to its highest levels in more than a decade as Russia’s invasion of Ukraine advanced. Russia is the largest exporter of wheat and Ukraine is among the four biggest exporters of the commodity.Wheat prices were up over 5% reaching prices not seen since 2008. The higher prices make wheat more expensive for food makers, who will likely pass those costs on to consumers.Of the 207 million ton international wheat trade, 17% comes from Russia and 12% comes from Ukraine,

Russia Ukraine war impact: Wheat prices surge to the highest in nearly 15 years

Of the 207 million ton international wheat trade, 17% comes from Russia and 12% comes from Ukraine

Food to fuel worries - Wheat prices now at 15 year high

Global food prices&nbsp;rose as much as 28% in 2021, according to the Food and Agriculture Organization of the United Nations

Food to fuel everything is getting more expensive as the war wages on. The price of wheat climbed to its highest levels in more than a decade as Russia&rsquo;s invasion of Ukraine advanced.&nbsp;Russia is the largest exporter of wheat and Ukraine is among the four biggest exporters of the commodity.
Also read | <a title="Russian state media will no longer appear in the Google News app" href="https://www.editorji.com/business-news/russian-state-media-will-no-longer-appear-in-the-google-news-app-1646192839526">Russian state media will no longer appear in the Google News app</a> Wheat prices were up over 5% reaching prices not seen since 2008. The higher prices make wheat more expensive for food makers, who will likely&nbsp;pass those&nbsp;costs on to consumers. Of the 207 million ton international wheat trade, 17% comes from Russia and 12% comes from Ukraine.
Also Read |&nbsp;<a href="https://www.editorji.com/liveblog/world-news/russia-ukraine-war-live-updates-58">Russia-Ukraine War Live News Updates</a>

Oil prices surged as war continued in Ukraine and Russian aggression sparked fears of shortages. Even a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns. Experts are anticipating a major shortfall in supplies as sanctions mount on Russia.Read/Watch Also: Putin, Petrol and the big problemOn Tuesday, Brent crude futures, the international benchmark, were up 9%, to $106.75 a barrel. West Texas Intermediate crude, the U.S. benchmark, was up 10%, to $105.64 a barrel.One of the biggest questions hanging over the market now is whether OPEC and its allies, which include Russia, will increase production to try to hold down prices. OPEC+, the name of the expanded group, will be meeting on Wednesday to discuss whether to continue with their plans to bring back a cumulative 400,000 barrels worth of oil production to the market. 

Russia Ukraine war impact: Crude prices b'oil' as concerns of supply and shortage escalate

Oil prices surged as war continued in Ukraine and Russian aggression sparked fears of shortages. Even a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns. Experts are anticipating a major shortfall in supplies as sanctions mount on Russia.

Crude boils, OPEC meet, reserve oil release fails to impress

<ul>
<li>Fear of oil shortage escalates as Russia faces further sanctions&nbsp;</li>
<li>Brent Crude jumps to 7 year high of $106/bbl</li>
<li>US, IEA&nbsp;release emergency reserve oil but fails to ease prices</li>
<li>OPEC&nbsp;meets today, will it increase production to hold down price?</li>
</ul>

Brent oil surges over 6% topping $107/bbl

Oil prices surged as war continued in Ukraine and Russian aggression sparked fears of shortages. Even a decision by the U.S. and other major economies to release emergency stockpiles failed to ease concerns. Experts are anticipating a major shortfall in supplies as sanctions mount on Russia. <a href="https://www.editorji.com/business-news/crude-oil-hits-100-bbl-this-is-why-putin-is-now-india-s-biggest-problem-1645684966071">Read/Watch Also: Putin, Petrol and the big problem</a> On Tuesday, Brent crude futures, the international benchmark, were up 9%, to $106.75 a barrel. West Texas Intermediate crude, the U.S. benchmark, was up 10%, to $105.64 a barrel. One of the biggest questions hanging over the market now is whether OPEC and its allies, which include Russia, will increase production to try to hold down prices. OPEC+, the name of the expanded group, will be meeting on Wednesday to discuss whether to continue with their plans to bring back a cumulative 400,000 barrels worth of oil production to the market.&nbsp;

Commodities are caught in a Russian roulette as fears of shortages soar as Russia invaded Ukraine. Here is how Putin is adding pressure to the prices across the globe-:The commodity chaos
Russia is the largest aluminium producer, after China. Russian primary aluminium production makes up around 6% of global output, and 15% of ex-China output. This could add pressure to an already strained global supply chain. 
Moving focus to the soft commodities, Ukraine is projected to be the world's third largest exporter of corn  and fourth largest exporter of wheat, according to International Grains Council data. Russia is also the world's top wheat exporter. Any supply hit could send inflation shocks to global economies struggling to get back after two years of the pandemic. Feeling the chill - gas supply
Russia is a very large natural gas producer, most of that exported natural gas going to Europe.  Europe relies on Russia for over 35% of its natural gas, mostly coming through pipelines which cross Belarus and Poland to Germany, Nord Stream 1 which goes directly to Germany, and others through Ukraine. Germany buys up to 55% of its natural gas from Russia and much of that gas goes through Ukraine or Belarus via Poland. Energy prices in the European Union's most populous country and biggest economy  Germany were up 69% in the month of December (YoY). Russian military action in Ukraine would be likely to push them even higher.
Putin and your petrol bill 
And it is not just Germany that will feel the chill, Putin has the powers to affect your petrol bill too. Russia is the second-largest crude oil exporter after Saudi Arabia. Ukraine is a transit route for a lot of that oil to move into other economies. As per data available nealrly 12 million metric tonnes of oil was movied for export via Ukraine last year.  JPMorgan said the tensions risked a "material spike" in oil prices. Every dollar move in crude prices increases India's crude bill by over a billio dollars. 
 

Russia-Ukraine crisis creates chaos and carnage in the market, here is why

Commodities are caught in a Russian roulette as fears of shortages soar as Russia invaded Ukraine. Here is how Putin is adding pressure to the prices across the globe-:

Aluminium hits record high, Crude at $100 as Putin attacks Ukraine

Russia is the largest aluminium producer, after China

Commodities are caught in a Russian roulette as fears of shortages soar as Russia invaded Ukraine. Here is how Putin&nbsp;is adding pressure to the prices across the globe-: The commodity&nbsp;chaos
Russia is the largest aluminium producer, after China.&nbsp;Russian primary aluminium production makes up around 6% of global output, and 15% of ex-China output. This could add pressure to an already strained global supply chain.&nbsp;
Moving focus to the soft commodities, Ukraine is projected&nbsp;to be the world's third largest exporter of corn&nbsp; and fourth largest exporter of wheat, according to International Grains Council data. Russia is also the world's top wheat exporter. Any supply hit could send inflation shocks to global economies struggling to get back after two years of the pandemic.&nbsp; Feeling the chill - gas supply
Russia is a very large natural gas producer, most of that exported natural gas going to Europe.&nbsp; Europe relies on Russia for over 35% of its natural gas, mostly coming through pipelines which cross Belarus and Poland to Germany, Nord Stream 1 which goes directly to Germany, and others through Ukraine.&nbsp;Germany&nbsp;buys up to 55% of its natural gas from Russia.&nbsp;Energy prices in the European Union's most populous country and biggest economy&nbsp; Germany were up 69% in the month of December (YoY). Russian military action in Ukraine would be likely to push them even higher.
Putin&nbsp;and your petrol bill&nbsp;
And it is not just Germany that will feel the chill, Putin&nbsp;has the powers to affect your petrol bill too.&nbsp;Russia is the second-largest crude oil exporter after Saudi Arabia. Ukraine is a transit route for a lot of that oil to move into other economies. As per data available nearly&nbsp;12 million&nbsp;metric tonnes of oil was moved&nbsp;for export via Ukraine last year.&nbsp;&nbsp;JPMorgan said the tensions risked a "material spike" in oil prices. Every dollar move in crude prices increases India's crude bill by over a billion dollars.&nbsp;
&nbsp;

Demand for safe-haven rises as gold touched a nine-month high amid rising tensions between Russia and Ukraine.
Spot gold was up 0.2% at $1,909.54 per ounce, the highest level since May 2021. 
Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian army to launch a 'peacekeeping operation' into the area, accelerating a crisis the West fears could unleash a major war.
Also read/watch: Russia claims attack on its border post, Ukraine rubbishes it as fake news
Crude oil jumped as the West Texas Intermediate (WTI) futures were up more than 3% at $93.
Also read/watch | Ukraine-Russia conflict: Financial markets fear aftershock

Gold touches nine-month high on rising Russia-Ukraine crisis

Demand for safe-haven rises as gold touched a nine-month high amid rising tensions between Russia and Ukraine.

Gold touches nine-month high

Putin&nbsp;ordered the Russian army to launch a 'peacekeeping operation' in&nbsp;parts of&nbsp;eastern Ukraine

Demand for safe-haven rises as gold touched a&nbsp;nine-month high amid rising tensions between Russia and Ukraine.
Spot gold was up 0.2% at $1,909.54 per ounce, the highest level since May 2021.&nbsp;
Russian President Vladimir Putin recognised two breakaway regions in eastern Ukraine as independent and ordered the Russian army to launch a 'peacekeeping operation' into the area, accelerating a crisis the West fears could unleash a major war.
Also read/watch:&nbsp;<a href="https://www.editorji.com/world-news/russia-claims-attack-on-its-border-post-ukraine-rubbishes-it-as-fake-news-1645448819971" target="_blank">Russia claims attack on its border post, Ukraine rubbishes it as fake news</a>
Crude oil jumped as the West Texas Intermediate (WTI) futures were up more than 3% at $93.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/ukraine-russia-conflict-how-the-financial-markets-may-face-the-shockwaves-1644294835665" target="_blank">Ukraine-Russia conflict: Financial markets fear aftershock</a>

The epicentre may be Ukraine but the tremors of a possible war would be felt from Wall Street to Dalal Street if the tension turns to conflict. Russia is a huge oil producer and also a very large natural gas producer, most of that exported natural gas going to Europe. . Europe relies on Russia for around 35% of its natural gas, mostly coming through pipelines which cross Belarus and Poland to Germany, Nord Stream 1 which goes directly to Germany, and others through Ukraine.JPMorgan said the tensions risked a "material spike" in oil prices. . Russia is the second-largest crude oil exporter after Saudi Arabia. Ukraine moves Russian oil to Slovakia, Hungary and the Czech Republic. Ukraine's transit of Russian crude for export to the bloc was 11.9 million metric tonnes in 2021,Russia the largest aluminium producer, after China. Russian primary aluminium production makes up around 6% of global output, and 15% of ex-China output. Ukraine is projected to be the world's third largest exporter of corn in the 2021/22 season and fourth largest exporter of wheat, according to International Grains Council data. Russia is the world's top wheat exporter.

Ukraine-Russia conflict: Markets play russian roulette with investors 

Ukraine-Russia war, how the financial markets may face the shockwaves

The shockwaves to global economy as Russia continues war on Ukraine

Europe relies on Russia for over 35% of its natural gas, mostly coming through pipelines which pass&nbsp;through Ukraine.

Markets around the globe took a jolt as fear rises of a potential invasion by Russia into Ukraine, which, as experts say, maybe a catalyst to war.&nbsp;Russian President Vladimir Putin&nbsp;recognised two separatist regions in eastern Ukraine&nbsp;and ordered his military to 'maintain peace' there.&nbsp;&nbsp; First Impact: Feeling the chill - gas supply Russia is a very large natural gas producer, most of that exported natural gas going to Europe.&nbsp; Europe relies on Russia for over 35% of its natural gas, mostly coming through pipelines which cross Belarus and Poland to Germany, Nord Stream 1 which goes directly to Germany, and others through Ukraine.&nbsp;Germany&nbsp;buys up to 55% of its natural gas from Russia and much of that gas goes through Ukraine or Belarus via Poland.&nbsp;Energy prices in the European Union's most populous country and biggest economy&nbsp; Germany were up 69% in the month of December (YoY). Russian military action in Ukraine would be likely to push them even higher. Putin&nbsp;and your petrol bill&nbsp; And it is not just Germany that will feel the chill, Putin&nbsp;has the powers to affect your petrol bill too.&nbsp;Russia is the second-largest crude oil exporter after Saudi Arabia. Ukraine is a transit route for a lot of that oil to move into other economies. As per data available nealrly&nbsp;12 million&nbsp;metric tonnes of oil was movied&nbsp;for export via Ukraine last year.&nbsp;&nbsp;JPMorgan said the tensions risked a "material spike" in oil prices, while Goldman Sachs is betting on the black gold moving to $100 soon.&nbsp; The commodity&nbsp;chaos Russia is also the largest aluminium producer, after China.&nbsp;Russian primary aluminium production makes up around 6% of global output, and 15% of ex-China output. This could add pressure to an already strained global supply chain.&nbsp; Moving focus to the soft commodities, Ukraine is projected&nbsp;to be the world's third largest exporter of corn&nbsp; and fourth largest exporter of wheat, according to International Grains Council data. Russia is also the world's top wheat exporter. Any supply hit could send inflation shocks to global economies struggling to get back after two years of the pandemic.&nbsp;

If you were watching the geopolitical tension between Russia and Ukraine play out and wondered why you should bother, you may want to pay attention to your petrol bill. 
Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the first time since 2014, adding to oil’s blistering recovery since its pandemic-era lows in April 2020.
The threshold breakthrough comes amid growing geopolitical tensions between Russia and Ukraine, and as supply remains tight amid a rebound in demand.Barclays noted that while prices may be reacting to a “geopolitical premium,” and the underlying fundamentals are fueling the push higher.Earlier this month, Goldman Sachs said that Brent can reach $100 per barrel by the third quarter, adding to a number of Wall Street firms calling for triple-digit oil.Petrol prices in India have been unchanged for 83 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally. 
 

Oil tops $90 for the first time since 2014, Get set for petrol price hikes again

Petrol prices in India have been unchanged for 83 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally. 

Putin, Petrol & Prices, how the Russia Ukraine fight may effect you

Oil prices hit seven-year highs on worries that supplies could tighten due to Ukraine-Russia tensions.

If you were watching the geopolitical tension between Russia and Ukraine play out and wondered why you should bother, you may want to pay attention to your petrol bill.&nbsp;
Brent crude futures, the international oil benchmark reached levels last seen in 2014, adding to oil&rsquo;s blistering recovery since its pandemic-era lows in April 2020.
The threshold breakthrough comes amid growing geopolitical tensions between Russia and Ukraine, and as supply remains tight amid a rebound in demand. Barclays noted that while prices may be reacting to a &ldquo;geopolitical premium,&rdquo; and the underlying fundamentals are fueling the push higher. Earlier this month, Goldman Sachs said that Brent can reach $100 per barrel by the third quarter, adding to a number of Wall Street firms calling for triple-digit oil. Petrol prices in India have been unchanged for 90 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally.&nbsp;
&nbsp;

Price pressures in the commodity markets continue, Cotton prices in mandi's in Gujarat have touched a record high of Rs 10,000. The price at Rajkot APMC (largest in the state) is nearly double of what cotton retailed at in 2020. The surge in prices traders say can be attributed to the low production due to heavy unseasonal rains in parts of the country. The high demand for the produce in the international market has also triggered the hike in the prices.December-January marks the peak of cotton marketing season and supply is almost half as compared to normal years as per traders. Jamnagar APMC records arrivals of around 2,000 quintals daily of cotton but as per reports is hardly getting around 1,000 quintals these days. 

Cotton prices double from last year, hit record high

The surge in prices traders say can be attributed to the low production due to heavy unseasonal rains in parts of the country. The high demand for the produce in the international market has also triggered the hike in the prices.

The price of around Rs 9,500 is almost double as compared to last year&rsquo;s average price of around Rs 5,500.

Price pressures in the commodity markets continue, Cotton prices in mandis in Gujarat have touched a record high of Rs 10,000. The price at Rajkot APMC&nbsp;(largest in the state) is nearly double of what cotton retailed at in 2020.&nbsp; Also watch|&nbsp;<a title="Firstsource Solutions acquires US based company American Recovery Services" href="https://www.editorji.com/business-news/markets/firstsource-solutions-acquires-us-based-company-american-recovery-services-1640934290536">Firstsource Solutions acquires US based company American Recovery Services</a> The surge in prices traders say can be attributed to the low&nbsp;production due to heavy unseasonal rains&nbsp;in parts of the country.&nbsp;The high demand for the produce in the international market has also triggered the hike in the prices. December-January marks the peak of cotton marketing season and supply is almost half as compared to normal years as per traders.&nbsp;Jamnagar APMC records arrivals of around 2,000 quintals daily of cotton but as per reports is hardly getting around 1,000 quintals these days.&nbsp;

Gold and silver prices plunged to their four-week lows led by a sell-off across the globe.
Gold futures fell 1.3% or Rs 600 to Rs 46,029 per 10 gram. Similarly, silver dived 1.6% down to Rs 63,983 per kg. These are the levels last seen in April.
The street estimates a&nbsp;sooner-than-expected hike in interest rates by the FED amid robust&nbsp;US jobs data.
Equity markets touching new highs and a spike in the US treasury bond yields may have also led to investors booking profits on bullion.

Gold, silver prices plunge to 4-week lows; Good time to invest in Sovereign Gold Bond?

Gold, silver prices plunge to 4-week lows; Good time to invest in Sovereign Gold Bond scheme that opens today.
&nbsp;

Gold, silver prices plunge to 4-week lows

Street estimates a&nbsp;sooner-than-expected hike in interest rates by the US FED

Gold and silver prices plunged to their four-week lows led by a sell-off across the globe.
Gold futures fell 1.3% or Rs 600 to Rs 46,029 per 10 gram. Similarly, silver dived 1.6% down to Rs 63,983 per kg. These are the levels last seen in April.
The street estimates a&nbsp;sooner-than-expected hike in interest rates by the FED amid robust&nbsp;US jobs data. Equity markets touching new highs and a spike in the US treasury bond yields may have also led to investors booking profits on bullion.
The fifth tranche of the&nbsp;sovereign&nbsp;gold bond scheme has also opened for subscription today.&nbsp;The issue price of the gold bond during the five-day subscription period shall be&nbsp;₹4,790 per gram. Along with price appreciation of gold, the&nbsp;sovereign bonds scheme also offers 2.5% assured returns per year.
Who and how much can you invest?
The minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).
How can you invest?
The sovereign gold bonds&nbsp;are sold through banks, designated post offices, recognised stock exchanges -&nbsp;Bombay Stock Exchange (BSE)&nbsp;and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in Demat&nbsp;form.
Push for digital subscription
The government, in consultation with the Reserve Bank of India (RBI), also provides a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.

Brazil,the world’s biggest coffee producer, is frost bitten. Coffee crop across the South American nation is facing damage pushing prices to the highest level in nearly a decade. The price for globally popular Arabica coffee, one of the South American nation's top commodity exports, jumped to the highest level since 2014. Prices have brewed 30% in the last one week and over 60% this year. The surge in prices is likely to affect coffee enthusiasts all over the world as roasters and supermarkets have already begun to raise rates.

Why the cold weather is making your coffee more expensive? Coffee prices up 60%

What's brewing for coffee prices?

The price for globally&nbsp;popular Arabica coffee, one of the South American nation's top commodity exports, jumped to the highest level since 2014.

Brazil,the world&rsquo;s biggest coffee producer, is frost bitten. Coffee crop across the South American nation is facing damage pushing prices to the highest level in nearly a decade.&nbsp;
The price for globally&nbsp;popular Arabica coffee, one of the South American nation's top commodity exports, jumped to the highest level since 2014. Prices have brewed 30% in the last one week and over 60% this year.&nbsp;
The surge in prices is likely to affect coffee enthusiasts all over the world as roasters and supermarkets have already begun to raise rates.

Markets posed to beat Monday blues as record high US markets are propelling the bullish sentiment. Here are the global indicators to watch-:&nbsp;

Asian markets head higher on the back of record high US markets.&nbsp;
China cuts reserve requirement for banks, releasing $154 billion into the economy&nbsp;
Japanese Markets outpetform, BoJ rate decision this Friday
Crude prices steady around the $74/bbl mark&nbsp;
Gold prices give support around the $1800
Rupee seen dropping to 1-year low, bets on 76.$ rise&nbsp;


Global Cues: Asian markets higher as US Markets hit record high, Gold & Oil stable

Bulls set to beat the Monday blues, here is all you need to know to kick start your day as the SGX&nbsp;Nifty points to a good start for the Sensex, Nifty

Global Cues

Global indicators point to higher equity markets in the Asian region after a US market rally on Friday.&nbsp;

Markets poised to beat Monday blues as record high US markets are propelling the bullish sentiment. Here are the global indicators to watch-:&nbsp;
<ul>
<li>Asian markets head higher on the back of record high US markets.&nbsp;</li>
<li>China cuts reserve requirement for banks, releasing $154 billion into the economy. Read/Watch: <a href="https://www.edtr.ai/9t3x">China's big cut</a></li>
<li>Japanese Markets outperform, BoJ rate decision this Friday</li>
<li>Crude prices steady around the $74/bbl mark&nbsp;</li>
<li>Gold prices give support around the $1800</li>
<li>Rupee seen dropping to 1-year low, bets on 76.$ rise&nbsp;</li>
</ul>
&nbsp;

Subscription for the&nbsp;&nbsp;Sovereign Gold Bond Scheme (Series IV) by the Reserve Bank of India will open for five days from July 12 to July 16.&nbsp;What is the price?
According to the RBI, an issue price of&nbsp;₹&nbsp;4,807&nbsp;per unit, equivalent to the value of one gram of gold, is applicable for&nbsp;the second installment of the gold bond scheme 2021-22. The date of issuance for the fourth tranche is set as July 20, 2021.&nbsp;Who and how much can you invest?Minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).How can you invest?The sovereign gold bonds&nbsp;are sold through banks, designated post offices, recognised stock exchanges -&nbsp;Bombay Stock Exchange (BSE)&nbsp;and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in demat&nbsp;form.Push for digital subscriptionThe government, in consultation with the Reserve Bank of India (RBI), also provides a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.

 Sovereign Gold Bond Scheme: Issue opens today Here is all you need to know

Can gold add the much needed shine to your portfolio. Click here to know if you should subscribe to&nbsp;the Gold Bond Scheme that opens today .&nbsp;

Sovereign Gold Bond Scheme 

Gfx&nbsp; Gold Sovereign Bond&nbsp;
<ul>
<li>Scheme to open for 5 days&nbsp;</li>
<li>Open for subscription from July 12-16&nbsp;</li>
<li>Issue price: ₹&nbsp;4,807&nbsp;per unit = 1 gram of gold</li>
<li>Issue of Gold Bond: July 20&nbsp;</li>
<li>Maximum Investment: 4 kg for Individual, 4 kg for HUF, 20 kg for Trusts</li>
<li>To Subscribe: Banks, Post Office, BSE, NSE,&nbsp;Stock Holding Corporation of India Limited.</li>
<li>Alert: Discount of Rs 50 per gram to digital applicants</li>
</ul>

<h1 class="post-title">Gold Bond Scheme Series IV: Issue price fixed at Rs 4,807/gm</h1>

Subscription for the&nbsp;&nbsp;Sovereign Gold Bond Scheme (Series IV) by the Reserve Bank of India will open for five days from July 12 to July 16.&nbsp; What is the price?
According to the RBI, an issue price of&nbsp;₹&nbsp;4,807&nbsp;per unit, equivalent to the value of one gram of gold, is applicable for&nbsp;the second installment of the gold bond scheme 2021-22. The date of issuance for the fourth tranche is set as July 20, 2021.&nbsp; Who and how much can you invest? Minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March). How can you invest? The sovereign gold bonds&nbsp;are sold through banks, designated post offices, recognised stock exchanges -&nbsp;Bombay Stock Exchange (BSE)&nbsp;and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in demat&nbsp;form. Push for digital subscription The government, in consultation with the Reserve Bank of India (RBI), also provides a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.

Weak global cues from US markets and the commodity set-up for Wednesday's trade. Here is a wrap of the trade indicators-:&nbsp;US Markets

S&amp;P 500 ends&nbsp;seven-day winning streak, but recovers from intra-day lows.
Dow fell 208.98 points, or 0.6%,&nbsp; S&amp;P 500 ended the day down by 0.2%.
Tech stocks outperform, Amazon hits new record high on Day 1 of Andy Jassy as CEO

&nbsp;
Commodity Cues

U.S. crude oil prices retreated after briefly reaching touching highest level&nbsp;since November 2014
Breakdown in OPEC&nbsp;talk could lead to higher output from some countries
Gold maintained position above $1800, trading above the 100 DMA

Money Market Cues&nbsp;

10-year US Treasury yield fell 7.2 basis points to 1.36%&nbsp;
Yield at lowest level since&nbsp;February
Traders' eye Fed&nbsp;June meeting minutes to be released later today


Global Cues: US markets snap 7 day gains, Oil retreats from 6-year high

Seven day winning street ends for Wall Street, click here for a wrap of equity, commodity &amp; currency cues for Wednesday's trade.&nbsp;

Video saved:&nbsp;Business_Global Cues July 7 (16:9)

Volatile crude prices seen as oil hits highest level since November 2014.&nbsp;

Weak global cues from US markets and the commodity set-up for Wednesday's trade. Here is a wrap of the trade indicators-:&nbsp; US Markets
<ul>
<li>S&amp;P 500 ends&nbsp;seven-day winning streak, but recovers from intra-day lows.</li>
<li>Dow falls 208.98 points, or 0.6%,&nbsp; S&amp;P 500 ended the day down by 0.2%</li>
<li>Tech stocks outperform, Amazon hits new record high on Day 1 of Andy Jassy as CEO</li>
</ul>
Commodity Cues
<ul>
<li>U.S. crude oil prices retreated after briefly reaching touching highest level&nbsp;since November 2014</li>
<li>Breakdown in OPEC&nbsp;talks could lead to higher output from some countries</li>
<li>Gold maintained position above $1800, trading above the 100 DMA</li>
</ul>
Money Market Cues&nbsp;
<ul>
<li>10-year US Treasury yield fell 7.2 basis points to 1.36%&nbsp;</li>
<li>Yield at lowest level since&nbsp;February</li>
<li>Traders eye Fed&nbsp;June meeting minutes to be released later today</li>
</ul>

How much will oil will the world get from&nbsp;OPEC&nbsp;from August onwards, well no one knows as&nbsp;OPEC its oil-producing allies postponed crude supply decision indefinitely. Here is all you need to know about the looming crude crisis-:

OPEC+ failed to reach an agreement on production policy for August and beyond.
Crude oil soars to the highest level since October 2018 on the supply ambiguity&nbsp;
OPEC+ voted on Friday to bring back 400,000 barrels per day to the market each month from August.
This vote would have resulted in an extra 2 million barrels per day by the end of the year.
UAE&nbsp;opposed the restrictions and supply agreements wanting to supply more oil into the market
UAE&nbsp;has 30% of it's oil producing capacity lying idle, which is higher than the rest of the OPEC&nbsp;members&nbsp;
Oil prices are up 57% this year and analysts are raising bets to see $100 mark soon.&nbsp;


Crude Crisis: OPEC+ in a limbo, Oil prices surge to multi-year highs

Crude Crisis:Oil prices surge to multi-year, Watch the video to know why OPEC&nbsp;has failed to make a decision on how much oil to provide from next month on.&nbsp;

UAE standoff keeping OPEC+ decision on crude supply hanging, Oil prices hit highest level since October 2018.&nbsp;

How much oil will the world get from&nbsp;OPEC&nbsp;from August onwards, well no one knows as&nbsp;OPEC its oil-producing allies postponed crude supply decision indefinitely. Here is all you need to know about the looming crude crisis-:
<ul>
<li>OPEC+ failed to reach an agreement on production policy for August and beyond.</li>
<li>Crude oil soars to the highest level since October 2018 on the supply ambiguity&nbsp;</li>
<li>OPEC+ voted on Friday to bring back 400,000 barrels per day to the market each month from August.</li>
<li>This vote would have resulted in an extra 2 million barrels per day by the end of the year.</li>
<li>UAE&nbsp;opposed the restrictions and supply agreements wanting to supply more oil into the market</li>
<li>UAE&nbsp;has 30% of it's oil producing capacity lying idle, which is higher than the rest of the OPEC&nbsp;members&nbsp;</li>
<li>Oil prices are up 57% this year and analysts are raising bets to see $100 mark soon.&nbsp; </li>
</ul>

commodities

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