Energy Markets
EU envoys are expecting to resolve the blockage of new Russia sanctions by this week
The European Union said that they expected to reach an agreement during a summit of the EU this week regarding an 18th package against Russia. Slovakia and Hungary use it as a bargaining tool for concessions about Russian energy. The European Commission proposed the package to encourage Russia to negotiate with Ukraine a ceasefire after EU leaders demanded "massive sanction" in May. The package aims to target more of Russia's revenues from energy by listing its banks and destroying its shadow tanker fleet. Hungary and Slovakia announced on Monday that they will not support new sanctions unless the proposal to...