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Putin "Testing Waters" on Peace Talks with US

RUSSIA
  • Bloomberg reported yesterday evening that Russian President Vladimir Putin "is testing the waters on whether the US is ready to engage in talks for ending Russia’s war in Ukraine." Sources close to the Kremlin told Bloomberg that Putin has "put out feelers" via indirect channels to "signal he’s open to discussion, including potentially on future security arrangements for Ukraine."
  • The prospect of peace talks at this stage appear unlikely. With no clear pathway for additional aid to Ukraine via the United States Congress, and European aid largely contingent on overcoming Hungarian opposition at next week's extraordinary EU summit, there appears little political or military imperative for Putin to seek a ceasefire.
  • Elsewhere, Russian exports of pipeline gas will grow by 11% in 2024 as the Power of Siberia pipeline to China gradually reaches design capacity, Vedomosti report Deputy Prime Minister Novak as forecasting. He expects Russia's liquefied natural gas exports to increase by 14% in 2024. While experts reckon the forecast for pipeline gas is realistic, that for LNG is less so.
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