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NATO & Russia Hold First Talks in Two Years, Covid Cases Set to Spike

RUSSIA

LOCAL NEWS

  • Russia is set to lay out its demands for security guarantees in Europe to NATO's 30 allies today for the first NATO-Russia council in two years (0900GMT).
    • EU says it is ready to negotiate with Moscow on increasing openness around military drills and arms control regarding missiles in Europe, but notes many requests including calls to scale back the alliance's activities to 1990s era levels and promising not to take in new members are unacceptable.
    • Stoltenberg presser to start at 1230GMT
  • Russian authorities are preparing for an explosive increase in coronavirus cases amid the spread of the omicron strain – warning cases could rise over 100k in an “unfavourable scenario” in the next 7-10 days
  • World Bank sees Russia’s GDP slowing to 2.4% y/y in 2022 & 1.8% in 2023 as macroeconomic policy continues to tighten and domestic demand wanes
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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