Summary
- President Donald Trump raised the possibility of additional sanctions on Russia.
- Renewed focus on the possibility of tougher U.S. sanctions on Russia could also affect commodity prices and investor sentiment toward global risk assets.
- The Russia-Ukraine war has been viewed as a key geopolitical factor affecting energy and grain prices, as well as Europe's economic outlook.
Forecast Trend Report by Period
President Donald Trump raised the possibility of additional sanctions on Russia, signaling Washington could step up pressure on Moscow after calling on Russia and Ukraine to reach a deal.
Odaily, a cryptocurrency-focused media outlet, reported on June 16, citing Jinse, that Trump said, "We could impose stricter sanctions on Russia soon."
Trump had earlier said at the Group of Seven summit in Evian-les-Bains, France, that Russia should reach an agreement with Ukraine. He added that both sides were suffering heavy losses from the war and that he was willing to play a role in helping resolve the conflict.
Markets have long viewed the Russia-Ukraine war as a key geopolitical factor affecting energy and grain prices, as well as Europe's economic outlook. Renewed attention to the possibility of tougher U.S. sanctions on Russia could also influence commodity prices and sentiment toward global risk assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
