The U.S. Trade Representative’s office said it is concerned about Canada’s announcement that it will continue to pursue a unilateral digital services tax (DST). The office added that it will consider all options if Canada imposes a unilateral digital services tax.  

Although the European Union agreed on a deal this week to cope with a gas supply crisis, member states need to establish bilateral gas sharing pacts to make it work. Right now, most of the member states don’t have such deals in place, with only six  agreements have been secured. That leaves most members without terms on how and when they would share gas in a potential supply shortage. 

As the European Union’s sanctions on Russia’s seaborne crude oil exports draw near, Moscow is bracing for a drop in energy revenues. India and China, which are buying around two thirds of all Russian seaborne crude, have started demanding massive discounts for their purchases. When Kremlin realized that it was about to lose its biggest customer, its exports to India and China had soared this year following Moscow’s invasion of Ukraine.