Chinese firms risk US sanctions as they snap up discounted Russian oil – live updates

Chinese firms risk US sanctions as they snap up discounted Russian oil – live updates

T he FTSE 100 is little changed at the open as traders look ahead to the Federal Reserve interest rate decision later today. The blue-chip index dipped marginally to 7,560 points. T he EU is also targeting three Russian state-owned broadcasters in its sixth package of sanctions. European Commission President Ursula von der Leyen described the TV channels as "mouthpieces that amplify Putin's lies and propaganda aggressively". She said: They will not be allowed to distribute their content anymore in the European Union, in whatever shape or form, be it on cable, via satellite, on the internet or via smartphone apps... We should not give them a stage anymore to spread these lies. T he revelations of China's oil dealings come as the EU prepares to roll out a phased ban on Russian oil. Ursula von der Leyen, President of the European Commission, is outlining the bloc's sixth round of measures against Putin. She confirmed an "orderly" ban on Russian oil by the end of the year. The EU will also ban Russian lender Sberbank from the Swift messaging system. G ood morning. Chinese companies appear to be sailing close to the wind by quietly snapping up Russian oil at