Kremlin: Russia will respond to the latest US Sanctions

The Russian news agency, TASS, reported that the latest statement issued by Kremlin, citing that Russia will take reciprocal measures in response to new US sanctions introduced on the basis of the Magnitsky Act.

The US Treasury's Office of Foreign Assets Control (OFAC) added Chechnya's Terek Special Rapid Response Team and five Russian nationals, including Terek's commander Abuzayed Vismuradov, to the sanctions list on the basis of the Magnitsky Act.

The act envisages sanctioning Russian officials whom the US considers to be responsible for human rights violations. It particularly allows the US government to freeze assets and ban visas for officials.

EUR/JPY weaker, tumbles to session lows near 122.40

The bid tone around the Japanese safe haven in combination with the pessimism surrounding the single currency is driving EUR/JPY to fresh lows in the
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Eurozone: April core inflation revised upward to 1.3% - TDS

TD Securities analysts note that the Euro area core inflation for April was revised upward to 1.3% y/y (headline unchanged at 1.7%). Key Quotes “Sharp
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