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EU to Discuss 9th Sanctions Package Monday

RUSSIA
  • A further EU sanctions package will likely be discussed further Monday, with EU’s Borrell this morning saying ambassadors may reach a compromise on sanctions today, although lawmakers are not there yet on a 9th suite of packages.
  • The Turkish president released a statement yesterday outlining that Turkey and Russia had discussed ways in which to expand the grain corridor and safeguard global supply. An expansion of the deal could include different commodities and food products over and above the grain and vegetable oil currently covered.
  • Focus for this week turns to this Friday’s CBR rate decision, at which the bank are expected to keep rates unchanged at 7.50%.

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