
G7 Leaders support an economic suicide pact; FX replacing credit spreads as a leading indicator of risk (FFTT, 5/11/22)
We commit to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil. We will ensure that we do so in a timely and orderly fashion.-G7 Leaders’ Statement, 5/8/22 We will make sure that we phase out Russian oil in an orderly fashion, in a way that allows us and our partners to secure alternative supply routes and minimizes the impact on global markets. This is why we