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WHAT'S NEXT?: Global trade policies could be upended with a new President in the White House, Brexit, a potential break-up of the European Union and China reacting to these changes in profound ways.

  • [New] The United States and other countries have banned imports of Russian crude and oil products over its invasion of Ukraine, and others have avoided acquiring cargoes out of fear of future sanctions. Reuters
  • [New] The continued availability of low-cost U.S. natural gas combined with a strong export policy - especially as it pertains to liquefied natural gas - presents an opportunity to achieve continued success in emissions reductions around the world. American Petroleum Institute
  • [New] At least four project developers hope that the sharp increase in LNG demand from Europe triggered by the Ukraine war will be decisive for approving and financing their planned export terminals and liquefaction plants on Canada's east coast. Clean Energy Wire
  • [New] The Commission has proposed phasing out Russian oil imports by the end of the year in most EU member states, while Hungary and others could be given more time. Reuters
  • [New] The tightness in global supply will be exacerbated by the EU's proposal to ban Russian oil imports. GoldSeek
  • [New] Volodymyr Zelenskyy has accused Russia of blocking the export of 22 million tons of food products and warned that many countries will face a food crisis if their ports are unblocked. UBN
  • [New] Ukrainian President Volodymyr Zelensky has accused Russia of blocking the export of 22 million tons of food products and warned that if its ports are not unblocked, many countries will face a food crisis. CNN
  • [New] As recently as last month, India said it hoped to make up for some of the shortfall in global wheat supplies from Russia and Ukraine, two of the world's biggest producers, before lower yields prompted it to announce the export ban. NBC News
  • [New] The European Union is negotiating among its members over a plan to ban imports of Russian oil, although questions remain about issues such as the timing of an embargo and what kinds of transactions it will cover. The Conversation
  • [New] After initially cutting back when Russia invaded Ukraine in late February, China is projected to import 1.1 million barrels per day of Russian oil brought by sea. Markets Insider
  • [New] Indonesia will impose a domestic sales requirement for palm oil, to shore up local supplies of cooking oil when the world's biggest producer of the edible oil reopens exports next week. Nikkei Asia
  • [New] South Korea already has the KORUS FTA Free Trade Agreement with the U.S. and is a natural fit for the high-end economic cooperation envisioned under the IPEF such as clean energy and digital trade. Radio Free Asia
  • [New] Russia will stop gas flows to neighbouring Finland on Saturday morning, after Finnish state-owned gas wholesaler Gasum refused to pay Gazprom Export in roubles as Russia has demanded. The Guardian
  • [New] CFD trading is a high risk leveraged form of trading used by experienced Sao Tomean traders on Sao Tome and Principe trading platforms.
  • [New] Sao Tome and Principe trading platforms offer trading in high risk leveraged trades called CFDs where Sao Tomean traders can speculate on the up or down price movements of a specific financial instrument without owning it.
  • [New] Aside from tracking trading information, some Sao Tome and Principe trading platforms will track trading metrics such as win rate and average profit / loss on closed trades.
  • [New] At today's meeting, EU development ministers will seek solutions ranging from an initiative to boost Ukrainian exports via rail to subsidies and more food aid for poor countries. Politico
  • [New] The Government of Canada is implementing a ban on the export of goods that could be used in the production and manufacture of weapons by Russia. Government of Canada
  • [New] Exports to China as well as EU imports from China will increase. German Institute for International and Security Affairs
  • [New] Soaring food prices both in the U.S. and abroad have prompted countries to ban exports of core agricultural commodities, pushing up domestic food prices and leading agronomists to wonder what additional crops could face supply constraints on their way to grocery stores. The Hill

Last updated: 26 May 2022