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Biden Accuses Putin of Genocide

RUSSIA
  • Biden has, for the first time, accused Russia of committing genocide in Ukraine: “it has become clearer and clearer that Putin is just trying to wipe out the idea of being able to be Ukrainian.” POTUS stood by his comments later in the day, marking a verbal escalation in the conflict.
  • Late yesterday, reports circulated that the US are to produce a new $750mln package of military aid for Ukraine, a significant uplift on the current aid packages that amount to $2.4bln so far. The types and quantities of military aid are yet to be decided, but Biden will use the ‘Presidential drawdown authority’, meaning congressional approval is not required.
  • The US are yet to confirm the possible use of chemical weapons in Mariupol earlier in the week, and late yesterday a Pentagon spokesman said "we cannot confirm the reports at this time and will continue to monitor the situation closely".
  • The world’s largest oil trader, Vitol, is to completely stop trading in Russian-origin crude and Russian-origin products by the end of 2022. Current trading in these instruments consists of solely pre-existing contracts, and the company will not enter into any new transactions going forward.

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