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7/6, 5:35 PM (Source: TeleTrader)
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Europe soars at close as EU hints new Russia sanctions

Major European stocks closed Wednesday's session with significant gains as investors followed the latest developments on the relation between the European Union and Russia, as well as instabilities that yesterday hit the British government.

Earlier today, highest-ranking EU officials confirmed Brussels was considering suspending the imports of Russian gas and gold. Meanwhile, reports hinted that British Prime Minister Boris Johnson could face a no-confidence vote soon after the resignations of key ministers and parliament members in the last two days.

The DAX soared 1.56% or 193 points at the closing bell, while the FTSE 100 gained 1.17%, and the CAC 40 rose by 2.03%. The euro declined 0.92% against the dollar to sell for 1.01691 at 5:33 pm CET, while the pound lost 0.45% to $1.18963.

Baha Breaking News (BBN) / ND