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August Economic Activity Rises 1.1% M/m

RUSSIA

LOCAL NEWS

  • Moscow surprised by Borrell's evaluation of his recent visit as his remarks differed from his previous statements.
    • In a blog released on Sunday, Borrell said EU member states would need to make a decision on next steps which could include sanctions.
    • However, majority of analysts still believe these will fall short of really hurting Russia and require unanimity among the 27 member states.
    • France and Germany have been strong proponents for dialogue over sanctions
  • Russian Foreign Ministry Spox says Diplomat expulsion was a forced measure as they took part in unauthorised rallies
  • Nord Stream 2 pipe-laying vessel Fortuna resumes work in Danish waters on Sat, despite US sanctions threats.
    • Friday Germany said it would engage with US on possible ways to lift sanctions, but nothing more has come forward
  • 1100GMT Russia Grain Union holds online conference - may speak about grain export quota mechanisms
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com