EU Sanctions Target Russian Energy and Financial Networks in 21st Package
The EU adopted new Russia sanctions on July 23, expanding restrictions on banks, crypto, oil shipping and military supply chains while some measures remain delayed.
Finance
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Barbados Reports Stronger Reserves and Bank Loan Quality
Barbados reported higher reserves, a lower debt ratio and improved bank loan quality in a July review, while an IMF backstop remains precautionary.
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Houston’s credit outlook turns stable after budget changes
Houston TX — S&P revised the city’s general-obligation outlook to stable on June 25 after budget changes narrowed the FY2027 gap, but the fix still has to hold.
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Salinas approves two-year budget with Amazon revenue in the mix
Salinas approved a two-year budget before July 1, using projected Amazon revenue and fee choices while warning of longer-term Measure G risk.