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Merkel to Focus on Ukraine, Belarus in Moscow Visit, NatGas Volatile as NS2 Rumours Swirl

RUSSIA

LOCAL NEWS

  • German Spox says Merkel to focus on Ukraine, Belarus & Afghanistan in visit to Russia tomorrow "where Russia can do more than it is doing on conflict in Eastern Ukraine and in Belarus."
    • Discussion of Nord Stream 2 will also be on the agenda, and transit through Ukraine assured. Additionally, notes that the Navalny case has had a negative impact on German-Russian relations
  • Gas prices collapsed in Europe after erroneous reports about the launch of Nord Stream 2 with prices falling from $570/1,000 cubic meters to $515 before stabilising at $550.
    • Comes amid a stark shortage in inventories in Europe following Gazrpom's Novy Urengoy plant accident – with the importance of Nord Stream 2 now rising dramatically
  • Medical expert says the delta strain is now 100% dominant in Russia, saying new variants are possible in the future but it is uncertain how deadly they will be.
    • Cites vaccine hesitancy and low vaccination rates as the primary driver for Russia's high mortality rate
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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