Morrison stated, “It’s unacceptable for China to ease trade restrictions with Russia at the moment.”
The White House also noted that China’s ties to Russia are too weak to offset sanctions.
Reaction of the market
As the dust settles on the Russian invasion of Ukraine, risk sentiment is improving. AUD/USD reached daily highs close to 0.7180, an increase of 0.17%.
Futures on the S&P 500 are trading at 4,280, with losses.
