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US Delivers Navalny Sanctions, Guides Towards Upcoming SolarWinds Response

RUSSIA

Sanctions headlines:

  • U.S. ACTS ON RUSSIA IN COOPERATION WITH EU
  • US. ON RUSSIA ACTION: TODAY IS FIRST, THERE WILL BE MORE
  • U.S. WANTS PREDICTABLE, STABLE RELATIONSHIP WITH RUSSIA
  • CALLS ON RUSSIA TO RELEASE NAVALNY
  • MATCHING EU ACTIONS TO PUNISH RUSSIA FOR NAVALNY
  • IMPOSES SANCTIONS ON RUSSIA OFFICIALS OVER NAVALNY ACTIONS
  • AIMS TO SIGNAL THAT HUMAN RIGHT OFFENSES HAVE CONSEQUENCES
  • U.S.: ACTIONS ON SOLARWINDS MAY BE ANNOUNCED IN WEEKS (USD/RUB ticks higher on this)
  • Key statement being "there will be more" - leaving the door open to more leaves a bit of uncertainty that may leave a little bit of a sanctions risk premium priced into RUB assets
  • SolarWinds actions may be more interesting as the US has said it would implement measures to make sure this type of attack couldn't happen again and may go beyond sanctions
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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