New sanctions. Will Russia sustain?

News of the day, Wednesday, March 30

Dow Jones and S&P 500 rose on Tuesday, amid a positive ceasefire talks outcome. Russia has announced to cut down military persistence around Kyiv and northern Ukraine, while Ukraine has pledged to adopt neutral status, which signals a soon peaceful outcome. S&P 500 gained 1.23%, Nasdaq Composite added 1.84%, and Dow Jones Industrial Average increased by 0,97%.

Deputy US Treasury Secretary Wally Adeyemo said the US and its allies are “planning to target additional sectors that are critical to the Kremlin’s ability to operate its war machine, where a loss of access will ultimately undermine Russia’s ability to build and maintain the tools of war that rely on these inputs. In addition to sanctioning companies in sectors that enable the Kremlin’s malign activities, we also plan to take actions to disrupt their critical supply chains.”

Oil prices have rebounded after two days of losses amid new sanctions against Russia, even though ceasefire talks in Istanbul had a positive outcome. Brent crude rose 0.8%, and WTI crude is up 0.8% too. 

The price of Brent crude is $109.00, WTI — $106.00, GBP/USD — 1.3124, EUR/USD — 1.1126, and gold costs $1921.50 per ounce.