EU’s Borell: Agreed that additional sanctions against Russia will be implemented as soon as possible

Dhwani Mehta FXStreet

Following the G7 leaders’ meeting, European Union (EU) Foreign Policy Chief Josep Borrell said that EU ministers have agreed that additional sanctions against Russia will be implemented as soon as possible.

Borrell did not mention any details on the same.

Market reaction

The euro is seeing a fresh bout of selling on the above comments, with EUR/USD closing in on the 0.9800 critical support. The spot is down 0.24% on the day.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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