Diplomacy
Secretary of Defense Lloyd Austin talked with his Ukrainian counterpart, who teased “very good news” forthcoming.
The Ambassadors of the EU, Switzerland, and Israel visited Vinnytsia, where 24 civilians were killed in an apartment strike last week.
Sanctions
No news of note
Consequences
Chinese exports of microchips and other electronic components have begun to tick up.
Gazprom declared force majeure on some European gas buyers. Germany’s Uniper has used up a line of credit from Germany’s state-owned investment bank and is applying for more money. Italy’s Prime Minister is in Algeria is hopes of inking a gas deal.
Russia is exporting wheat at almost twice the speed of last year.
EU shippers raced to move Russian oil before sanctions kick in in December.
Germany, France, Ireland, Austria, Belgium, and Luxembourg account for almost all of the $14 billion in Russian assets seized by EU countries.
Retailer H&M will leave Russia but is selling off its stock first.
Ukraine Sitrep
Russian cruise missiles struck the southeastern city of Dnipro.talked with his Ukrainian counterpart, who teased “very good news” forthcoming.