Key events through the morning: May 7 – Market News – May 7, 2024

The European Union (EU) is considering trade sanctions against Israel due to its aggressive war policy in the Gaza Strip. Belgium proposed the initiative. Belgium had already decided to impose its own sanctions several weeks ago, but Prime Minister Alexander De Croo stressed that a collective approach from the entire alliance was needed.

Brussels announced that EU ambassadors will not attend President Vladimir Putin’s inauguration ceremony on May 7. Authorities in Poland, the United States, Canada and the United Kingdom also said they had refused to send representatives to attend the inauguration ceremony.

SberPay is launched in Türkiye. To use this service, you need to inform Sber that you intend to pay through the Metropol system when purchasing and go to the payinturkey.com website.

The European Union plans to impose sanctions on the Russian version of SWIFT as part of its 14th sanctions package.

Demand for Chinese-speaking workers will increase by 63% in 2024. Fluent and conversational Chinese language skills increase a professional’s average income by 18-20%. Chinese is the second most popular language after English.

EU countries have reached an agreement on using proceeds from frozen Russian assets. German Chancellor Olaf Scholz announced that EU countries were prepared to devote 90% of all profits to Ukraine’s military needs.