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Putin to Make Pre-Recorded Video Address to BRICS Summit

RUSSIA
  • The BRICS bloc starts its summit in South Africa today, with President Vladimir Putin making a pre-recorded video address at 1330BST. See our full preview of the BRICS summit here: https://roar-assets-auto.rbl.ms/files/55398/MNI%20POLITICAL%20RISK%20ANALYSIS%20-%20BRICS%20Summit%20Preview.pdf
  • A Russian fighter jet destroyed a reconnaissance boat of the Ukrainian armed forces near gas production installations in the Black Sea, the Russian Defense Ministry said in Telegram statement. Air defense also shot down two combat drones near Moscow, according to the mayor. Vnukovo airport resumed services after it was briefly closed earlier on Tuesday, as was reported by Tass, citing air services.
  • There are no notable releases on the docket today. Industrial production (Est: +5.6% y/y; Prior: +6.5%) is the highlight of the week tomorrow.

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