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RUSSIA: Putin Set for Visits to North Korea, Vietnam

RUSSIA
  • Russian President Vladimir Putin is set to visit North Korea and Vietnam in the coming weeks, Vedomosti reported this morning citing a diplomat it did not identify. The newspaper did not give specific dates for the visits. Putin’s trip to North Korea would be his first since July 2000.
  • Russian fertilizer exports will increase by about 10% to 44 million tonnes in 2024 from a record 40 million tonnes in 2023, Vedomosti report citing industry association RAPU. Fertilizer production is also expected to grow by 10%, with the growth driven by strong demand abroad, particularly in Brazil and India. Analysts expect a seasonal increase in prices of 5-20%.
  • Foreign Minister Sergei Lavrov hosts a two-day meeting with counterparts from BRICS countries while the Bank of Russia will publish a report on monetary conditions and monetary policy transmission. The Finance Ministry may report May budget balance data.

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