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North Korea Foreign Minister Visit Could Facilitate Putin Trip to Pyongyang

RUSSIA
  • North Korean Foreign Minister Choe Son Hui arrived in Russia for a trip that could facilitate a visit by President Vladimir Putin to Pyongyang and enhance arms transfers that have replenished the Kremlin’s arsenal to attack Ukraine, Bloomberg report. Choe is set to have talks with her counterpart Sergei Lavrov on Tuesday, Russia’s foreign ministry said to Tass.
  • The Energy Ministry agreed to reduce the export duty on the export of petroleum products for refineries with a capacity of up to 500,000 tons, Izvestia report. The final decision will be made by the government, however, businesses believe that regulators should abolish the export duty altogether, as most of the products cannot be sold on the domestic market.
  • Official reserves assets are on the docket this afternoon. Trade data and current account data are the highlights of the week on Thursday and Friday, respectively.

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