G7
The spot price of gold rose 0. 6% to $4,165.49 per ounce. Investors are assessing U.S. debt and the Fed’s rate outlook.
Oil supplies have nearly recovered, but prices are not falling due to the risks of escalation, low inventories, and expensive transportation. A decline is possible after the situation in the region stabilizes.
The G7 countries will not ease sanctions against Russia amid the energy crisis. They plan to release 100 million barrels of resources over four months.
The G7 agreed to a coordinated release of 100 million barrels of oil through the IEA. Significant volumes of diesel fuel will enter the market in the first 20 days.
On September 27, Russian forces damaged the residence of the Saudi Arabian ambassador, schools, kindergartens and other facilities. Zelenskyy called for increased pressure on the Russian Federation.
Russia used more than 2,000 drones, 1,700 aerial bombs and 19 missiles over the course of a week. The strikes damaged civilian and critical infrastructure.
In the coming weeks, the G7 will discuss energy supplies and strategic reserves. Macron also held talks with French political parties.
G7 ambassadors met with the IMF mission headed by Gavin Gray. They discussed Ukraine’s economic outlook, financial needs, and key reforms.
Western European countries are asking Brazil to act as a mediator in peace negotiations between Ukraine and Russia. Brazil maintains a neutral position and engages in dialogue with both the West and Russia.
The National Bank of Ukraine presented a macro forecast for 2026-2028, expecting $54 billion in international aid in 2026. Key risks include missile strikes and funding delays.
Ukrainian Foreign Minister Andrii Sybiha held a conversation with the Minister of Foreign Affairs of France regarding Russian attacks in the Black Sea. The sides discussed the need for an international response to protect navigation and grain exports.
A new Pew Research Center survey of 42,000 respondents in 36 countries found that only 23% trust Donald Trump's leadership. The reliability of the US as a partner has also sharply declined, particularly in Sweden — from 83% to 31%.
Macron convinced Trump to support Ukraine after Zelenskyy showed a photo of the damaged Assumption Cathedral in Kyiv. G7 leaders adapted their messages to Trump's view of global politics.
President Zelenskyy met with Slovak Prime Minister Fico in Brussels and discussed peace efforts and European integration. Zelenskyy thanked Slovakia for its support and invited Fico to visit Ukraine.
President of Ukraine Volodymyr Zelenskyy met with Prime Minister of Greece Kyriakos Mitsotakis on June 18. He informed him about the situation on the front line and the consequences of Russian attacks.
President Zelenskyy stated that G7 leaders are unanimous on increasing pressure on Russia. The goal is to force the Kremlin into negotiations to end the war.
Zelenskyy discussed a meeting with Putin in the US with Trump to end the war. In case of Russia's refusal, the President called for increased pressure.
Yulia Svyrydenko discussed with the US Treasury Secretary the strengthening of sanctions and preventing their lifting. The parties also reviewed investment projects.
The EU's top diplomat demands stronger sanctions against Russian oil exports. She denied the redirection of weapons intended for Ukraine to the Middle East.
The US President is considering renaming the strategic waterway to the Trump Strait. The priority is to control the route due to a lack of allied assistance.
G7 ministers pledged to protect shipping after calm was restored to the region. The decision was made under pressure from Trump and Rubio's threats regarding Ukraine.
The Foreign Minister called on the G7 to increase pressure on the aggressor and not to ease sanctions. Ukraine plans to increase the number of attacks on Russian territories.
Kyiv will only have enough finances until June, according to estimates, due to Hungary's blocking of EU aid and delays from the IMF. The NBU may begin direct lending to the state budget.
The heads of foreign policy departments discussed realistic steps for peace and Moscow's cooperation with Tehran. The US remains a key partner of Ukraine.
Kaja Kallas stated that Russia is transferring intelligence to Iran for strikes on US forces. Moscow has doubled its oil revenues due to the escalation in the Middle East.
Iranian attacks on Qatar's gas processing plant have caused fuel shortages in Europe. EU leaders are calling for a moratorium on attacks on energy facilities.
A sailor was killed due to sabotage against the vessels Safesea Vishnu and Zefyros. Iraq has suspended the operation of oil terminals for the safety of maritime navigation.
G7 ministers plan to use oil reserves to stabilize the market. The IEA will provide data on reserves for a rapid response to fuel price spikes.
Trump discussed with Putin the lifting of sanctions to lower oil prices. The G7 is ready to use strategic reserves due to the rise in barrel prices to $120.
G7 countries have decided not to use oil reserves to stabilize prices for now. France confirmed its readiness for coordinated steps if necessary.