Deals On Deals - Ukraine War Update 6/15/2024

A lot happened in a few days.

First I want to say sorry for the late article this week. I rolled too many rounds in Jiujitsu and had brain fog the day I was supposed to write. Being a busy person it sets you back a bit. We have some Ukraine updates so we’re going to skip our series on NATO this week.

Before the G7 Summit last week, US President Biden put some new sanctions on Russia. These Sanctions are aimed at Russia’s financial systems and to close loopholes on third country suppliers.

These sanctions took immediate effect on Russia. Their central bank stated: “Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in US dollars and euros are suspended”.

Source: Russia, hit by new US sanctions, halts dollar and euro trade on main bourse

On the 13th the US signed a security agreement with Ukraine. This agreement is very weak because it’s done solely through the US executive, meaning any new president that comes in can decide to dissolve it.

A few key points of the security agreement: