May 24, 2022Newsletter

Russia Update: May 24, 2022


Today marks three months since the invasion started.

Ukrainian President Volodymyr Zelenskyy told Axios that he does want to meet with Russian President Vladimir Putin, but it’s becoming “more and more difficult” to conduct high-level meetings as atrocities pile up.


The Treasury Department made absolutely clear that U.S. banks and individuals will be barred from accepting bond payments from Russia’s government as of 12:01am Wednesday. Russia made early payments on bonds in the lead-up to the expiration of this carve-out.

The EU is unlikely to strike a deal on an oil embargo during next week’s summit. However, the EU will suspend duties on Ukrainian imports for a year and proposed making it easier to seize assets of sanctioned Russian oligarchs.


Russia is reportedly having little trouble selling wheat, and at higher prices too. The U.S. and Ukraine spoke about ways to unblock Ukraine’s grain exports.

Ukraine Sitrep

Russia continues to advance in eastern Ukraine. The UK assesses that Russia is on the verge of conquering all of Luhansk.

Moldova Sitrep

No news of note

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