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July 6, 2022Newsletter

Russia Update: July 6, 2022

Diplomacy

Canada became the first country to ratify Finland and Sweden’s accession to NATO.

Ireland’s Prime Minister visited Kyiv.

Secretary of State Antony Blinken spoke with his Ukrainian counterpart, as well as his Chinese counterpart.

Sri Lanka’s leader called Russian President Vladimir Putin as the country seeks sources of oil.

Sanctions

The EU will unveil plans to sanction Russian gold in the coming weeks.

Consequences

The head of the European Commission warned that the EU needs to make emergency plans for a Russian gas cut-off.

Schneider reached a deal to sell its Russian subsidiary. Volkswagen will close one of its two Russian production sites.

Switzerland will allow the Swiss arm of Sberbank to settle debts with certain creditors not under Western sanctions.

Ukraine Sitrep

No news of note

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