EU racing to agree a 21st package of sanctions by the end of next week; measures to target Russia’s oil revenues, banks and shadow fleet, POLITICO reports, citing sources

Newsquawk StaffPublished 2 Jun 2026, 06:25 UTCOn the live feed at 06:05 UTC — 3 more headlines followed before this page went public

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06:12

[MARKET UPDATE] Modest USD pressure seen, to the benefit of peers across the board with EUR/USD and GBP/USD at fresh session highs

06:10

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06:05

EU racing to agree a 21st package of sanctions by the end of next week; measures to target Russia’s oil revenues, banks and shadow fleet, POLITICO reports, citing sources

06:01

STMicroelectronics (STMPA FP) raises its revenue ambition for Data Centers amidst continued strong demand for AI infrastructure; now expects data center revenues at about USD 1bln (prev. saw "nicely above" USD 500mln)

06:00

Swiss Balance of Trade (Apr) 3.2B (Prev. 2.7B); Swiss Watch exports -16.6% (prev. -1.0%)

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"Countries are pushing to lock in the current price, which would deprive Moscow of higher revenues due to increased oil prices. A full ban on Russian oil is unlikely to proceed, however, as is a proposed ban on maritime service"
May target Russian energy firms Lukoil and Rosneft.

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