Putin Takes Part in EAEU Summit, Zelensky Holds 1.5hr Call With Biden

LOCAL NEWS

• Putin to take part in today’s Supreme Eurasian Economic Council Meeting. Kremlin says the discussion is aimed at deepening integration and the formation of common markets for goods and services.
  • Kremlin clarified that Putin did not plan separate contacts with his colleagues in the EAEU, in particular, with Lukashenko
• Ukraine’s Zelensky held a 1.5hr phone call with Biden yesterday to discuss developments in US-Russia talks.
  • The key issue of the talks was the security situation around Ukraine and the prospects for activating a peaceful settlement.
  • Zelensky also stressed that Nord Stream 2 damages its energy security and deprives it of an important factor in containing Russian aggression
• Poland’s PGNiG says additional gas supplies from Russia to the EU would help balance supply and demand in the region – saying Russia has capacity to boost production to offset the current EU crisis. Says it is vital that energy flows without barriers

Data/Events:

• 1300GMT: Oct Trade Balance exp at 18.0bn vs 20bn prior
• 1300GMT: Oct Exports exp at 46.7bn vs 45.6bn prior
• 1300GMT: Oct imports exp at 26.4bn vs 25.6bn prior
• CBR’s Nabiullina & PM Mishustin speak at Made in Russia export conference