Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Biden Promises Sanctions Measures on Belarus, Russia Provides Muted Support



  • Biden says US will take measures after the Belarus jet incident, backing the EU call to add targeted economic sanctions and other measures to hold Belarus accountable.
    • Says the incident is a "direct affront to international norms" and calls for the release of Roman Protasevich
    • Analysts say Russia's muted reaction to the Ryanair flight incident speaks to Russia's ambivalent view of Lukashenko – who is now becoming a problem amid improving ties with the US.
    • Opinions remain split over whether the act was committed with or without Russian approval.
  • EU banned Belarus airlines from flying to the EU, calling for airlines to avoid Belarusian airspace. Decisions still needs to be approved by the council at the ministerial level.
    • Russian FM says detention of opposition leader Protasevich is an internal issue, calling on the West to refrain from applying "double standards"
  • Putin formally accepts Biden's invitation to a one-to-one summit via his representatives during a high level diplomatic meeting in Geneva yesterday.
    • Meeting slated to happen on June 15 or 16 in a "third country, although the exact date and venue have not been decided yet and will be announced later
  • Russia confirms 14 cases of Indian Covid strain, but warns the number could be higher
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.