According to the Financial Times, European officials are proposing to limit agricultural subsidies to Ukraine in the event of its accession to the EU to "ease fears among existing members"
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ICC Secretary General John Denton stated that the Philippines is particularly vulnerable due to its reported reliance on imports for up to 90% of its fertilizer needs. He characterized the country as facing significant risks under current conditions.
The MOEX and RTS indices both increased by 0.6%, reaching 2,293.56 and 865.46 points, respectively.
Maxim Reshetnikov stated that the Russian economy remains open to international trade and investment. This assertion by the Russian First Deputy Prime Minister was made to highlight the country's commitment to maintaining economic connectivity despite ongoing geopolitical tensions.
According to Kpler data, Middle East oil exports excluding Iran have reportedly exceeded pre-war levels. This increase is attributed to higher flows via pipelines that bypass the Strait of Hormuz.