Reported July 12, 'UN Asks Putin To Extend Black Sea Grain Deal In Return For SWIFT Access, Sources Say' - Reuters News
Portfolio Pulse from Happy Mohamed
U.N. Secretary-General Antonio Guterres has proposed to Russian President Vladimir Putin to extend a deal allowing the safe Black Sea export of grain from Ukraine in return for connecting a subsidiary of Russia's agricultural bank to the SWIFT international payment system. The EU is considering connecting a subsidiary of Rosselkhozbank to SWIFT specifically for grain and fertilizer transactions. U.N. officials have gotten U.S. bank JPMorgan Chase & Co to start processing some Russian grain export payments.
July 13, 2023 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The news does not directly impact SPY as it is a broad-based ETF tracking the S&P 500 index.
SPY is a broad-based ETF tracking the S&P 500 index and is not directly impacted by individual company news or specific geopolitical events unless they have a broad market impact.
CONFIDENCE 100
IMPORTANCE 10
RELEVANCE 10
NEUTRAL IMPACT
The news could potentially impact VGK, an ETF tracking European stocks, due to the involvement of the European Union in the negotiations.
The news could potentially impact VGK, an ETF tracking European stocks, due to the involvement of the European Union in the negotiations. However, the overall impact might be limited as it's a broad-based ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
JPMorgan Chase & Co has started processing some Russian grain export payments, which could potentially increase its transaction volume.
JPMorgan's involvement in processing Russian grain export payments could potentially increase its transaction volume, which could have a positive impact on its revenues. However, the overall impact might be limited as it's just a part of their global operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70