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December Oil Revenue Falls to Lowest Level in 2022, IEA Says

RUSSIA
  • President Putin could announce a second wave of mobilization for war against Ukraine in the coming days, according to the US Institute for the Study of War. This could come as soon as today, as Putin is set to attend celebrations in St Petersburg to mark the breaking of the siege by German troops in January 1944.
  • Russia’s oil-export revenues fell to the lowest level in 2022 last month as an embargo cut sales to Europe and a price cap triggered record discounts on the nation’s crude, according to the IEA. Russia earned about $12.6 billion in December from crude and fuel exports, down nearly a fifth from November.
  • Russia has expanded its entry ban list of EU citizens and officials in response to the EU's ninth package of sanctions against Moscow, the Foreign Ministry said on Tuesday.
  • Weekly CPI data is on the docket today, while the Finance Ministry may report on the budget balance through December.

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