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China to Seek Exemptions to US Sanctions on Russian LNG

RUSSIA
  • China is preparing to ask the US for exemptions to sanctions on a new Russian liquefied natural gas export plant, Bloomberg report, as companies seek to prevent disruptions to the flow of a fuel crucial to heating homes and powering industry. The US imposed sanctions on the facility in November, as it widened restrictions on Russian firms in the wake of Moscow’s invasion of Ukraine.
  • The profit tax rate for business may be differentiated depending on the investment activity of companies, Forbes report. Vladimir Putin instructed the government to consider such a possibility following his November meeting with the business community.
  • There is little else local news flow, and no data releases left on the docket today.
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