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Research Group Shows Russia Earned £52.6bn in Fossil Fuel Exports Since 24 Feb

RUSSIA

LOCAL NEWS

  • Biden to speak today in support of Ukraine as his administration looks to send a proposal to congress to provide military support to Ukraine lasting through September. UNSG Guterres will also meet with Zelensky today after meeting with Putin yesterday - bbg
  • Independent Research Group calculates that Russia earned £52.6bn from fossil fuel exports since the start of the invasion on 24 Feb using data on ship movements and real-time tracking of pipeline flows. Germany has paid EUR 9.1bn since then - Sky
  • Reports suggest the Kremlin is planning staged referendums in Eastern Ukrainian regions of Donetsk, Luhanks & Kherson to justify its occupation for mid-May that have been moved up from the end of April - Meduza
  • EU Energy Ministers will meet on 2 May to discuss Ukraine. Overnight Zelensky said the European Commission spoke about a 6th package of sanctions, which should include an oil embargo. Yesterday Putin shut off gas to Poland and Bulgaria, threatening to do the same for other unfriendly countries. Germany said it was open to weaning itself off Russian energy, bit only at a gradual pace. - RTRS, bbg
  • Overnight US Sec of State Blinken said the DOJ was reviewing if frozen US funds could be seized - RTRS
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
EM BulletHomepagePolitical RiskPolitical Risk BulletBulletEmerging Market News

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