Ukraine’s Central Bank may cut its economic outlook following Russia’s recent attacks on the country’s energy system, its governor said. European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at $60 a barrel ahead of a Monday deadline.
Seven European Union member states are pushing for a more effective cap on gas prices, arguing that the one on offer is unlikely to help consumers afford their energy bills.
The call-up of men to fight in Ukraine has left labor so scarce in Russia that entire industries are in distress.
European Union states are starting to coalesce around a plan to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.
Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to shareholders in a crucial capital raise, indicating investors see little upside in the heavily discounted offer.
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