DAILY DOSE: June 29, 2022
Posted on 06/29/2022
1. Swiss trader New Stream Trading AG believes that Sberbank PJSC caused the bankruptcy of the Antipinsky Oil Refinery in Western Siberia. Sberbank is sanctioned by Westen nations over Russia’s invasion of Ukraine. New Stream Trading AG claimed that Sberbank had full management control of Antipinsky Oil Refinery from the middle of November 2018.
2. The Swiss government has plans to address a possible shortage of natural gas supplies this winter, saying it could resort to rationing if other measures were insufficient. Switzerland is completely dependent on imported gas, gets just under half of its supplies either directly or indirectly from Russia.
3. MicroStrategy has purchased an additional 480 Bitcoin (US$ 10 million).
4. Novartis AG will terminate as many as 8,000 jobs, equal to more than 7% of its global workforce, under a plan to save at least US$ 1 billion by 2024.
5. British Virgin Islands court reportedly orders liquidation of crypto hedge fund Three Arrows Capital.
6. Russia has passed a bill to remove VAT taxes on cryptocurrency sales.
7. Over the past two weeks, the U.S. government put in 13.7 million barrels from the Strategic Petroleum Reserve into the market.