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CHINA SETS YUAN CENTRAL PARITY AT 7.1364 TUES VS 7.1316

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RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Spox-No New Mobilisation; Russia Doesn't Want Part In Nuclear Rhetoric

RUSSIA

Comments from Kremlin spox Dmitri Peskov hitting wires:

  • Asked on whether regional governors have recieved new mobilisation instructions: 'There is no new wave of mobilisation'.
  • Kremlin: 'Western leaders play with nuclear rhetoric every day, Russia does not want to and will not take part in this'.
  • Asked on G7 statement re: Ukraine: 'We would like to think they will hold the Kyiv regime accountable for the crimes it has committed'.
  • Asked whether NATO Sec-Gen's comments on Ukraine are confirmation that NATO is fighting on Ukraine's side: 'Yes'
  • On possible Putin-Biden talks: 'There have been no initiatives from either the Russian or American sides'.
  • Kremlin: 'Reports Elon Musk and Putin are in contact at present are untrue'.
The mobilisation of around 300k Russian reservists in late-September saw significant numbers of military-aged Russian males fleeing the country in order to avoid draft papers. Any wider mobilisation would likely have both a significant societal impact (potentially raising opposition to Putin), as well as hit the economy by depleting the workforce. Moreover, the deeper the draft goes into the Russian population the less effective its recruits are set to be as those with training, military backgrounds, or firearms experience are already likely to have been called up.
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