EU prepares new Russia sanctions targeting refineries, banks

The European Commission is preparing a new round of sanctions against Russia, focusing on key sectors like energy, finance, and transport. European Commission President Ursula von der Leyen presented proposals for further restrictions. These measures aim to target Russian ports, airports, and refineries involved in the trade of Russian oil, and expand the list of entities connected to the "shadow fleet."

Additional export restrictions are planned for technologies used in the aviation and defense industries. The Commission also suggests maintaining the price cap on Russian oil at $44 per barrel. However, these sanctions require unanimous approval from all EU member states before they can take effect.

In other economic news, China's exports saw a nearly 20% year-on-year increase in May, driven by strong sales of semiconductors, electric vehicles, and advanced technologies. The United States also reported a record export level, exceeding $327 billion. These figures indicate a resilient global trade environment despite ongoing geopolitical tensions and trade disputes.

Meanwhile, Beijing is reportedly planning one of the largest investment programs in its tech sector, with a five-year plan to build data centers valued at nearly $300 billion. State-owned telecom giants like China Mobile and China Telecom will play a key role, and new regulations will mandate the use of domestic components to bolster China's semiconductor industry and reduce foreign dependency.

On the Polish market, Creotech Instruments successfully raised nearly 500 million Polish zloty through a share emission. The company plans to use these funds for participation in European space programs, acquisitions, international expansion, and technology development, marking one of the largest tech transactions in Poland this year. The housing market in Poland is also showing signs of stabilization, with increased supply leading to price moderation in some cities.