June 2, 2022Newsletter

Russia Update: June 2, 2022


Turkey is working to barter an agreement with Russia to allow Ukrainian grain and cooking oil exports through ports. Under the framework, Turkey would remove mines from the Black Sea and ensure Russian naval ships allow safe passage.


The Treasury Department announced sanctions on yachts linked to Russian President Vladimir Putin and additional individuals. The State Department announced sanctions on additional individuals as well. The Commerce Department apparently added 71 Russian and Belarusian companies to the Entity List, but a press release/fact sheet has not been released yet.

The EU passed its sixth round of sanctions after removing the Russian Orthodox Church’s leader at Hungary’s demand.

Taiwan banned the export of all modern chips to Russia and Belarus.

Switzerland extended the suspension on payments and transactions by Sberbank’s Swiss arm through August 2 due to continuing liquidity concerns and sanctions.


The UK and The Netherlands approved North Sea gas projects.

Ukraine Sitrep

Ukrainian President Volodymyr Zelenskyy said that 20% of Ukrainian territory is under Russian control, over 40% is contaminated with mines and unexploded ordinance, almost 12 million Ukrainians are internally displaced, and over 5 million remain refugees. Ukraine claims it retook 20 villages in a southern counteroffensive.

The U.S. appears to have approved the UK’s request to send Ukraine long-range rocket systems with a similar range to the systems the U.S. just announced. Sweden announced it would send anti-ship and anti-tank weapons to Ukraine.

Moldova Sitrep

No news of note

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