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Strong Bullish Reversal

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  • Navalny receives 2yr 8 month prison sentence - widely condemned by international communities (UK & US) who called for his immediate release overnight.
    • Kremlin Spox says he hopes this will not affect EU-Russia ties.
    • Over 1,000 protesters were arrested yesterday outside the court. Navalny will face a second hearing this week on charges of defaming a WW2 veteran in December - Moscow Times.
    • Focus shifts to meeting with EU's Borrell on potential EU sanctions.
  • Overnight German Spox said Germany stands by the Nord Stream 2 project, despite France's plea to stop the project.
    • So far no response has been provided for to the US offer to lift sanctions if various conditions are met - AFP
  • Deputy PM Novak takes part in OPEC JMMC meeting (no time given)
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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