Oil prices rose by about 1. 5% after OPEC+ announced a smaller-than-expected production increase of 137,000 barrels per day from November. Analysts expect short-term gains to be limited by weak demand and seasonal declines.
Next week, a meeting of G7 sanctions coordinators will take place to discuss limiting the supply of foreign components to Russia. President Volodymyr Zelenskyy emphasized that Russian missiles and drones contain critical Western-made components.
Brent and WTI crude futures rose by 0. 31% and 0.32% respectively, after falling for the previous three sessions. The increase is due to the potential tightening of sanctions on Russian oil and WTI approaching the $60 support level.
President Zelenskyy reported that a Russian strike on an energy substation in Slavutych, carried out by over 20 drones, led to a three-hour blackout at the Chornobyl Nuclear Power Plant facilities. This affected the new confinement and the spent nuclear fuel storage facility, which holds 80% of the fuel accumulated during the NPP's operation.
The European Union is developing a scheme to provide Ukraine with new loans totaling 140 billion euros, using frozen assets of the Russian central bank. The bloc hopes to conclude a loan agreement by the end of the year to start disbursing funds to Ukraine in 2026.
The European Commission has rejected the demand by EU lawmakers to confiscate 200 billion euros of frozen Russian central bank assets. This would violate international law and risk widespread retaliatory measures from Moscow.
President Zelenskyy reported on Russia's night attack on seven regions, including Zaporizhzhia, where three people died. He emphasized that this is the fourth time Russia has accompanied annual global diplomatic events with murders, calling for strong pressure on Russia.
The European Union is considering introducing trade measures targeting the remaining imports of Russian oil, in particular via the Druzhba pipeline to Hungary and Slovakia. These measures may be applied if Budapest and Bratislava do not present plans for supply diversification.
Ukrainian President Volodymyr Zelenskyy signed three packages of sanctions against propagandists, individuals doing business in the occupied territories, and those destabilizing Moldova. He also announced the approaching agreement on the 19th package of sanctions against Russian aggression, which will include restrictions on energy resources, shadow fleet infrastructure, and countering cryptocurrency schemes.
The Russian dictator believes that military escalation will force Ukraine to negotiate on his terms, and Trump will not interfere. Russia intensified attacks on military and civilian targets after the leaders' meeting in Anchorage.
The European Union will present its 19th package of sanctions against Russia to member states on September 19. It will target cryptocurrencies, banks and energy.
Japanese Finance Minister Katsunobu Kato rejected a US call to increase pressure on Russian President Vladimir Putin by imposing higher tariffs on Russian oil imports for China and India. Japan cites WTO obligations that do not allow tariffs to be applied beyond established limits.
Ukrainian Foreign Minister Andriy Sybiha stated that Vladimir Putin promised Donald Trump to restore diplomacy and end the war, but did not take any steps. Instead, Russia intensified terror, refused to meet with leaders, and carried out terrorist attacks.
The European Union is considering imposing sanctions on companies in India and China that facilitate trade in Russian oil as part of a new package of restrictions. The US proposes tariffs of up to 100% for China and India, and will also affect Russian oil companies.
The European Union reminded Trump that it has been gradually phasing out Russian fossil fuels since the beginning of the war, with a clear roadmap. The 19th package of sanctions against Russia is in the final stages of preparation, Brussels said.
President of Ukraine Volodymyr Zelenskyy calls on Western partners to strengthen sanctions against Russia to force it to peace. He, in particular, emphasized the need to impose strong sanctions against terminals that ship and receive oil from Russia.
The US will urge its G7 allies to impose tariffs of up to 100% on China and India for purchasing Russian oil. It is also proposed to confiscate Russia's frozen foreign exchange reserves to finance Ukraine's defense.
The US Department of the Treasury has extended until September 2026 the permit for the import of certain Russian diamonds, adopted in 2024. The license allows the import of diamonds that were physically outside the Russian Federation before import and were not exported from Russia after certain dates.
Foreign businesses paid over $20 billion in taxes to the Kremlin in 2024, enough to finance a million Russian soldiers. Since 2022, this amount has reached $60 billion, which is half of Russia's military budget for 2025.
President Zelenskyy reacted to Russia's night attack with ballistic missiles and "Shaheds". One person died in Lozova, 10 were injured, including children.
French President Emmanuel Macron announced that France would recognize a Palestinian state in September, becoming the first Western member of the UN Security Council to do so. This move came after Great Britain and Canada refused to join the initiative due to their unwillingness to anger the United States.
Chairman of the Verkhovna Rada Ruslan Stefanchuk held a conversation with Speaker of the US House of Representatives Mike Johnson. The strengthening of sanctions pressure on the Russian Federation and inter-parliamentary cooperation were discussed.
The ambassadors of the Group of Seven countries welcomed the new Ukrainian government led by Yulia Svyrydenko and called for continued reforms. Yulia Svyrydenko, appointed Prime Minister, outlined priorities: ensuring the army, increasing production, and optimizing the state apparatus.
Ukrainian President Volodymyr Zelenskyy discussed military aid and energy resilience with Norwegian Prime Minister Jonas Gahr Støre. The parties reached concrete agreements on preparing for the upcoming winter and accelerating sanctions pressure on Russia.
In a week, Russia launched over 1,800 drones, 1,200 guided aerial bombs, and 83 missiles at Ukraine. Ukrainian air defense is working effectively, particularly thanks to interceptor drones, shooting down hundreds of "Shaheds."
The European Commission this week will propose a floating price cap on Russian oil as part of a new package of sanctions. The mechanism will adjust price limits based on changes in the global price of energy resources.
The European Union is considering creating a 100 billion euro fund for long-term support to Ukraine, which will start flowing from 2028. This will strengthen Europe's role in financing Ukraine amid uncertainty regarding aid from the United States.
President of Ukraine Volodymyr Zelenskyy said that the NSDC decision sets tasks for state institutions, against the background of the need to synchronize sanctions of Ukraine and partners against the Russian Federation.
G7 countries are ready to increase military support for Ukraine and rebuild the country together after the war. There will also be new sanctions against the Russian Federation, which fuels the war.
Donald Trump hinted that an end to the conflict between Israel and Iran is possible only after hostilities. He believes that an agreement will be reached.
