Free Trial

START Inspections Temporarily Halted, Awaiting New Accord

RUSSIA
  • In response to travel restrictions imposed by the US, Russia will no longer support the resumption of START treaty inspections – an accord aimed at arms control and the regulation of competition in nuclear weapons, according to the WSJ. While the pause in inspections have been deemed ‘temporary’, a fresh accord will need to be reached before the treaty can be restored.
  • Kommersant reports that Russian banks increased lending to the population in July, with the mortgages and cash loans segments recovering at the fastest pace. Banks issued almost 2.8 million loans worth R856.8bln. This was 26% higher than in June, but still marked a drop of close to 27% on the year.
  • Russia’s metal-working industry remains critically dependent on foreign equipment and sanctions continue to force the industry to look for workaround, however the process of import substitution may take at least ten years, according to the Ministry of Industry and Trade.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.