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Get up to speed with what markets are watching

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Photographer: Daniel Roland/AFP via Getty Images

Good morning. EU to discuss Russian oil sanctions, Russia finds a way to repay debt, China relaxes Covid curbs and UK holiday’s economic impact. Here’s what markets are talking about.

The European Union failed to agree on a deal Sunday on a revised package of sanctions over Moscow’s invasion of Ukraine ahead of a leaders’ summit in Brussels. Hungary is so far refusing to back a compromise despite proposals aimed at ensuring its Russian oil supplies. EU ambassadors are scheduled to meet again Monday, but the lack of a deal means that sanctions could be a prime topic at the bloc’s two-day meeting. An EU official said a deal is still possible in the coming days.