Putin-Biden Contacts Planned For the Coming Months, EU Considers New Belarus Sanctions

LOCAL NEWS

• Putin & Biden may hold a conversation in online format by the end of this year, followed by a face-to-face meeting early next year, Kommersant reports, citing unidentified officials familiar with details. Schedule is tentative, and details haven't been agreed on yet
• EU considering new sanctions on Belarus, targeting 30 individuals and entities with a decision potentially as early as next week. Sanctions me be applied to Belavia airline and officials deemed to be involved in the migration crisis.
  • Poland has ramped up its military presence to 20k soldiers on the border in response to the 12-14k illegal migrants in Belarus at risk of being pushed toward the border. Poland has called for an emergency EU summit on the matter
• Putin to discuss measures to prevent the negative impact of the energy crisis on the Russian economy today. AgriMin Patrushev will also take part in the discussion of the situation with the provision of the domestic market with food products.
  • Energy Ministry Head Shulginov will also discuss the implementation of priority projects for the development of energy infrastructure at the plenary session of the Federation Council today

Data:

• 1600GMT: 3Q A GDP y/y exp at 4.5% vs 10.5% prior
• 1600GMY: Nov 8 Weekly CPI YTD, 6.52% prior
• 1600GMT: Nov 8 CPI WoW, 0.21% prior