Russia is to limit major foreign container shipping companies from routes involving Russian ports unless they meet strict domestic control requirements

European Movers: Unilever (ULVR LN) +1.1%, Lufthansa (LHA GY) +1.0%, Novartis (NOVN SW) +0.5%, BAE Systems (BA/ LN) -0.6%, Smiths Group (SMIN LN) -3.5%

ECB's Rehn says no decision has been locked in ahead of time

Russia is to limit major foreign container shipping companies from routes involving Russian ports unless they meet strict domestic control requirements

Spain is to reduce VAT on fuel from 21% to 10% to mitigate the impact of the Iran war, Ser Radio reports

ECB's Villeroy says rate hikes will be decided meeting by meeting and are totally determined to bring inflation back to 2%