Following Germany, Rio Tinto and Rusal jointly hold a wholly-owned Australian joint venture.

Following Germany, Rio Tinto and Rusal established a wholly-owned Australian joint venture.

After Germany temporarily took over the subsidiary of Gazprom in Germany, Rio Tinto also took advantage of Australia's sanctions against Russia to completely control an Australian alumina refinery jointly owned by it and Rusal, and formally excluded Rusal from the management and production of the factory.

At the same time, the EU is still trying to sanction Russian energy.

It is reported that coal will be the first energy field for the EU to sanction Russia, although about 45% of Europe's coal imports and 70% of its thermal coal depend on Russia.

At present, the European Union has announced a 120-day transition period to ban Russian coal, and countries including Germany have also announced timetables to restrict coal imports.

Japan and South Korea in Asia also plan to gradually reduce coal imports from Russia.

The European Union's ban on importing Russian coal is imminent, and analysts and business executives point out that coal importing countries in Europe and Asia are expected to join the ranks of competing for alternative sources of supply.

However, we also notice that some importing countries may find it difficult to maintain the supply level because the major coal exporting countries, Australia and Indonesia, have reached the production ceiling, while the major producing country, South Africa, is limited by logistics problems, and snapping up will continue to push up global coal prices.

At present, the EU has not imposed sanctions on Russian crude oil and natural gas. Countries such as Britain, the United States, Japan and South Korea, which previously announced sanctions, are currently releasing strategic reserves to stabilize market prices.

Among them, the United States will release 60 million barrels, Japan will release150,000 barrels and South Korea will release 7.23 million barrels.

However, stimulated by demand and price, there is still room for such sanctions.

According to some traders, Asian customers are still buying Russian crude oil in large quantities, including not only India, but also Japanese and Korean companies and some American companies.

In addition, Russia also indicated that it is considering RMB settlement of energy exports.

What is interesting in this wave of crude oil battle is India.

It is reported that in recent days, India has greatly increased its procurement of low-priced crude oil from Russia despite accusations from western countries. However, in the recent release of crude oil reserves by the US-led International Energy Agency, India has expressed its support and said it is studying it.

In other aspects, six state-owned banks, including China Agricultural Bank and China Industrial and Commercial Bank, said that some people who were greatly affected by the epidemic could apply for deferred repayment of their mortgages.

According to the latest annual report of last year disclosed by banks, the non-performing rate of housing mortgage loans of regional banks has increased to varying degrees.

Since the beginning of this year, the number of auction houses in Harbin, Zhengzhou and Xi 'an has greatly increased.

At the same time, with the continuous downturn of the property market, real estate agents have also ushered in a "bankruptcy tide".