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July 1, 2022Newsletter

Russia Update: July 1, 2022

Diplomacy

Officials from the U.S. Embassy in Russia were in attendance for WNBA star Brittney Griner’s trial in Russia.

Sanctions

The EU is looking at banning Russian gold imports in its next round of sanctions.

Australia announced sanctions on additional Russian individuals.

A Reuters investigation found that dozens of Russian weapons tycoons have not faced Western sanctions yet.

Consequences

For the first time, the U.S. is sending more gas to Europe than Russia.

Citi is in talks with Russian buyers for its local operations. Bunge restructured its Russian business in apparent preparation for a sale.

Ukraine Sitrep

The Pentagon announced an additional $820 million in military assistance for Ukraine.

After attacks on weapons depots, Ukraine has been scattering its arsenal to prevent further losses.

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