EU's von der Leyen: not the moment to relax sanctions on Russia
BRUSSELS, March 11 (Reuters) - European Commission President Ursula von der Leyen said capping the oil price would help limit Russia's revenues and that now was not the time to relax sanctions against Russia.
"This is not the moment to relax sanctions on Russia," she said in a post on X, after she took part in a call with G7 leaders to discuss the impact of the Iran war on oil and gas markets.
She added that, along with the European Council's President Antonio Costa, they had both reiterated the immediate priority is to keep energy flows moving, especially through the Straits of Hormuz, and that they both backed the International Energy Agency's decision to release 400 million barrels of oil.
"We both welcomed today's decision by the IEA to make 400 million barrels of emergency reserve oil available to ease tensions in global energy supply," added Von der Leyen.
Related Articles
Ahead of CPI Release, Credit Crisis Panic Haunts Markets, Wall Street Eyes How Inflation Data Will Impact US Stocks
TradingKey - At 8:30 AM ET on Wednesday, the U.S. Bureau of Labor Statistics will release the February Consumer Price Index (CPI) report, which traders view as setting the tone for investment direction.
Trump Wants TACO? The Script for an Iran War May No Longer Be His to Write
TradingKey - As the US-Israel-Iran conflict enters its second week, new developments have emerged in the situation. On March 9 local time, U.S. President Trump sent a clear signal during a press conference, stating that military operations against Iran would end "soon" but would not be completed within this week. This statement has been interpreted by observers as a direct signal that the U.S. is seeking a "graceful exit." In response to the de-escalatory signals from the U.S., Iran’s stance remains defiant.
Bitcoin Price Analysis: BTC Eyes $72K Breakout Amid Mideast Supply Shocks and Short Squeeze Risk
BTC faces a critical $72K resistance amid Middle East supply shocks and a $4.3B short squeeze risk. Explore the latest btc price trends, institutional ETF outflows, and the impact of the upcoming "Clarity Act" on bitcoin’s market forecast.
Micron vs. Samsung vs. SK Hynix: Is MU Stock the Best Memory Stock for 2026?
TradingKey - Relying on strong AI demand, more memory per system, and sluggish supply response, 2026 will be the memory cycle. Micron Technology (MU) is now in an excellent competitive position today with HBM3E and looking to ramp HBM4E into Nvidia’s Vera Rubin platforms in the second half of 2026.
