Four spot illustrations for the Bloomberg Businessweek agenda section. AD: Chandra Illick
Saying Nyet to Russian Oil
The EU is banning all imports of Russian seaborne crude and petroleum products as of Dec. 5, ratcheting up its sanctions against Moscow following the invasion of Ukraine. The UK and the US will institute a similar ban the same day.
Slow It Down
The Federal Reserve sets interest rates on Dec. 14; the European Central Bank releases its final monetary policy decision of the year the next day. Economists predict more hikes but a slowing of the pace of increases.
Into the Cold
European energy ministers meet on Dec. 19 in Brussels to hammer out a strategy for getting through an increasingly frosty winter. A cold snap has already driven up prices and eaten into the fuel reserves built up in recent months.
Three Amigos
US President Joe Biden plans to meet Mexican President Andrés Manuel López Obrador and Canadian Prime Minister Justin Trudeau Jan. 9-10 in Mexico City for the North American Leaders’ Summit.
