Global Markets: More sanctions against Russia

By MarketsFarm

WINNIPEG, April 6 – The following is a glance at the news moving markets in Canada and globally.

– The latest round of sanctions against Russia, announced by the United States and its allies in the G7 and European Union, will target banks and officials by banning new investment in the country. The latest sanctions come as Russia is facing mounting accusations of having committed war crimes in their invasion of Ukraine.

– Protests against Sri Lankan President Gotabaya Rajapaksa are growing in the country, with the public anger already causing most of the Cabinet and many Members of Parliament to leave the government. An economic crisis causing power outages and food shortages sparked the protests, but Rajapaksa has so far said he will not resign.

– Republican lawmakers in Oklahoma have passed a bill that would impose a near total ban on abortions in the state, criminalizing performing an abortion in almost all cases expect for a medical emergency. Medical professionals performing abortions would face fines of up to US$100,000 and 10 years in jail under the laws. The law must still be approved by the state’s Governor, Kevin Stitt. A pro-choice group noted that many of the women seeking abortions in Oklahoma currently are ‘medical refugees’ from neighbouring Texas, which passed similar laws last year.

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