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Morning Wire
Russian Sanctions & Political Age Restrictions | Afternoon Update | 6.12.24
Jun 12, 2024
05:27
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The podcast covers Russian sanctions on Chinese companies, blocking Biden's Title IX guidance, and the Fed's decision on interest rates. It also touches on tragic incidents, political age restrictions, and a hot dog eater competition ban.
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Quick takeaways
- US expands Russian sanctions targeting Chinese support in Ukraine, focusing on financial infrastructure.
- Federal judge blocks Biden's Title IX guidance on gender identity inclusion in public schools, sparking legal debates.
Deep dives
US Targets Chinese Companies in Sanctions Against Russia
The US has expanded its sanctions against Russia by targeting Chinese companies that have supported Russia's actions in Ukraine. By focusing on Russia's financial infrastructure, the US aims to restrict the flow of money to Moscow. Despite existing sanctions on Russian businesses, new companies are emerging as Russia adjusts its supply chains. These measures coincide with the G7 summit, where leaders plan to convert frozen Russian assets into financial support for Ukraine.
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Discover
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