Free Trial
US TSYS

Cheapening On Chinese PMIs

AUD

A$ Back To Flat

CHINA RATES

China Repo Rates Rise on Thursday

CHINA PRESS

China Local Bond Sales Peak In June-Journal

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Ukrainian Troops Withdraw From Severodonetsk

RUSSIA
  • Kommersant report that brokers have proposed a solution to the issue of frozen Eurobond payments, wherein issuers would transfer funds to Russian investors of Eurobonds directly in RUB, in exchange for payments previously made in foreign currency and frozen in foreign depositories. The piece adds that lawyers had been consulted, who flagged that it is illegal to compel payments from issuers directly. The Ministry of Finance and major issuers did not respond to Kommersant's request.
  • Progress of Russian troops around Severodonetsk continues, with reporting suggesting that Ukraine will withdraw its troops defending the city, according to local leaders posting on Telegram. Troops in neighbouring Lysychansk also face potential encirclement by Kremlin forces, according to the Washington Post.
  • Natural gas flows from Russia remain a political talking point, with gas shipments via the Nord Stream pipeline at around 40% of capacity, while Yamal-Europe flows are also below regular volumes. The lack of reliability of gas via these routes has prompted the German gas regulator to warn that Russia could cut off gas supply entirely in the near future.
  • Putin is today holding informal discussions with his Belarusian counterpart Lukashenko and also continues to take part in the BRICS conference with other global leaders. Foreign minister Lavrov remains in Azerbaijan for a second day.
209 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Kommersant report that brokers have proposed a solution to the issue of frozen Eurobond payments, wherein issuers would transfer funds to Russian investors of Eurobonds directly in RUB, in exchange for payments previously made in foreign currency and frozen in foreign depositories. The piece adds that lawyers had been consulted, who flagged that it is illegal to compel payments from issuers directly. The Ministry of Finance and major issuers did not respond to Kommersant's request.
  • Progress of Russian troops around Severodonetsk continues, with reporting suggesting that Ukraine will withdraw its troops defending the city, according to local leaders posting on Telegram. Troops in neighbouring Lysychansk also face potential encirclement by Kremlin forces, according to the Washington Post.
  • Natural gas flows from Russia remain a political talking point, with gas shipments via the Nord Stream pipeline at around 40% of capacity, while Yamal-Europe flows are also below regular volumes. The lack of reliability of gas via these routes has prompted the German gas regulator to warn that Russia could cut off gas supply entirely in the near future.
  • Putin is today holding informal discussions with his Belarusian counterpart Lukashenko and also continues to take part in the BRICS conference with other global leaders. Foreign minister Lavrov remains in Azerbaijan for a second day.