November 21, 2022Newsletter

Russia Update: November 21, 2022


New UK Prime Minister Rishi Sunak visited Ukraine.

Ireland is asking an unspecified number of Russian diplomats to leave its embassy in Dublin after Russia sanctioned 52 Irish officials.


The Treasury Department issued a general license pertaining to taxes, fees, permits, and other functions and pertaining to VEON Ltd.

Russia has lost an estimated 90% of its market in northern Europe as the oil price cap is poised to start in two weeks.

The London Metal Exchange opted not to ban Russian metal from its warehouses, which has triggered a rush to conclude contracts.


No news of note

Ukraine Sitrep

Russia’s 96-missile bombardment of Kyiv last week is raising questions about estimates of Russia’s remaining missile supply. Iran will reportedly help Russia build drones, according to the Washington Post.

After the Russia’s retreat from Kherson, Ukraine has been launching nighttime raid and reconnaissance missions across the Dnipro River.

Hungary said it would not support the EU’s plan to provide billions of dollars in budget assistance to Ukraine next year and is threatening to veto the plan.

Kyiv is bracing for a rough winter as Russia continues to strike its energy infrastructure. Workers at the Zoprizhzhia nuclear plant alleged torture of workers by Russian soldiers.

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