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Kremlin Decries Crimea Platform Summit as Unfriendly and Anti-Russian

RUSSIA

LOCAL NEWS

  • Kremlin says it views the Crimean Platform summit as unfriendly and distinctly anti-Russian following yesterday's session.
    • Says "we regard this as extremely unfriendly and we do not accept such assertions relative to Crimea (non-recognition as part of Russia).
  • Ukrainian PM Zelensky spoke in dept about returning Crimea back to Ukranian control, supplemented by anti-Russian sentiment from US energy secretary – saying the US would "put Russia in its place"
    • This follows Ukraine blocking 12 popular Russian websited in Ukraine as part of its latest sanction on Russia from Sunday alongise measures on individuals and businesses with link's to Russia's defense sector
  • Economists say that Russia's $7bn pre-election stimulus for pensioners is aimed at garnering support for United Russia ahead of elections, with support at historic lows – but could result in modest price rises in Russia.
    • Pensioners were targeted as they are feeling the effects of inflation most acutely and the injection could see a +0/9% rise in consumption and +0.2% rise in inflation. Putin will participate today in a UR party congress
  • CBR says it wants to limit the acceptable downtime of banking online by establishing mandatory requirements for the operational reliability of banks with a maximum downtime of online remote maintenance services of 2 hours.
    • regulator will also oblige large banks with assets of more than 500 billion rubles to implement measures to counter targeted computer attacks, simulate computer attack scenarios, conduct planned exercises and promptly interact with the Bank of Russia
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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