Ukraine's dollar bonds due in 2029 rose 3 cents on the dollar, exceeding 72 cents, their highest level since February. This followed signs of progress on a US-backed peace plan that could end the fighting.
President Volodymyr Zelenskyy stated that Ukraine will work on peace proposals that strengthen its position. He emphasized that Russia must pay for the war, and the decision on using its frozen assets is critically important for any peace proposals.
EU leaders will be briefed this morning on peace talks to end the war in Ukraine after a weekend of rapid negotiations in Geneva. Officials have become more optimistic about peace, although details were scarce.
Oil prices took a breather after last week's decline as investors weigh the chances of a US rate cut and a possible peace deal between Russia and Ukraine. Brent and WTI crude futures hit their lowest levels since October 21.
China has sharply increased its oil imports from Indonesia, which traders link to the possible masking of sanctioned Iranian oil supplies. This comes amid a reduction in imports from Malaysia, which was previously a major transshipment hub for Iranian crude.
The US and Ukraine have agreed on changes to an earlier peace proposal, which many considered beneficial to Moscow. President Zelenskyy may visit the US this week to discuss details with Donald Trump.
European media have circulated the full text of a revised peace agreement that the leaders of Great Britain, France, and Germany are proposing as an alternative to the American plan for resolving the war between Ukraine and Russia. The E3 countries' document is based on the American plan, but contains a number of significant clarifications, changes, and exclusions in each section.
Great Britain, France, and Germany presented a modified version of the American peace plan for Ukraine. They reject limitations on the size of the armed forces and territorial concessions, proposing an army limit of 800,000 and security guarantees similar to Article 5 of NATO.
Several dozen students from a Catholic school in Nigeria escaped their kidnappers and returned home. More than 250 students and teachers remain in captivity after the mass abduction.
The American president once again stated that he "inherited" the war in Ukraine from Biden, and also said that there was no proper gratitude from Ukraine for US intervention in the conflict.
Japan continues to deploy medium-range missiles on Yonaguni Island, located 110 km from Taiwan. This is part of strengthening the country's defense capabilities amid rising tensions in the region.
In its counter-plan, Ukraine will insist on a kind of "shield" from America, similar to what all NATO member countries receive, and will also insist on security guarantees.
Ukrainian President Volodymyr Zelenskyy faces the most painful choice: to agree to a peace deal that involves giving up part of Donbas, or to continue the war. This is due to new efforts by the Trump administration for a peace deal that involves compromises from Ukraine.
Hungarian Prime Minister Viktor Orban called on the EU to immediately support the US's 28-point proposal for a settlement in Ukraine, which includes territorial concessions and a reduction in the Ukrainian Armed Forces. Most EU countries refuse, supporting Ukraine, while Hungary blocks financial aid.
European states insist on correcting at least four provisions of the US peace plan for Ukraine, including those concerning territorial division, army reduction, and real security guarantees. Europeans are also concerned about the future of frozen Russian assets, from which the Russian president should not derive financial benefit.
Brazil's Supreme Court has authorized the preventive arrest of former President Jair Bolsonaro, who was taken from house arrest to federal police headquarters. This occurred a few days before the start of his 27-year imprisonment for organizing an attempted coup.
Timur Mindich and Oleksandr Tsukerman are listed in the Ministry of Internal Affairs' database as persons hiding from pre-trial investigation bodies.
European leaders are trying to buy time to develop a new ceasefire framework with Russia after the administration of US President Donald Trump set a deadline of November 27. They aim to rewrite much of the proposed plan, presenting it as constructive updates.
US Vice President J. D. Vance supported the American "peace plan," emphasizing the need to live "in the real world." He noted that any peace agreement must stop the killing, preserve Ukraine's sovereignty, be acceptable to both sides, and maximize the chances of preventing a new war.
The US has issued a general license permitting certain financial transactions related to Russia's Paks II nuclear power plant project in Hungary. The authorized transactions involve Gazprombank, VTB Bank, and the Central Bank of the Russian Federation, provided they pertain to the implementation of the nuclear power plant project.
Republican Congressman Brian Fitzpatrick has launched a campaign to collect signatures to vote on a bill to strengthen sanctions against Russia. This comes amid reports of a possible "peace plan" for Ukraine, which Fitzpatrick called "propaganda."
Russia plans to significantly increase fines for 36 types of economic offenses, including illegal entrepreneurship and tax evasion, to replenish the budget. Fines will increase several times, reaching up to $61.5 thousand for significant damages from tax evasion.
The Trump administration is discussing the possibility of allowing Nvidia Corp. to sell its H200 artificial intelligence chips to China. A final decision has not yet been made, but this could be a departure from previous US policy.
Finnish fuel retailer Teboil has filed for restructuring due to extensive sanctions against the Russian company Lukoil.
US President Donald Trump confirmed that his administration has set a deadline of next Thursday for Ukraine to agree to the White House's 28-point plan to end the war.
The Trump administration presented a 28-point "peace plan" for Ukraine, which envisages Russia's control over Donbas, a reduction of the Armed Forces of Ukraine, and security guarantees similar to Article 5 of NATO. Military experts consider these guarantees ineffective and doubt Ukraine's signing of the plan.
Lukoil has dissolved the supervisory board of its international business due to US sanctions pressure. The company's management is concentrated in the hands of managing director Alexander Matitsyn; despite the reorganization, the international structure remains under Lukoil's control.
The European Commission has initiated legal proceedings against Slovakia over the adoption of a constitutional amendment that declares the priority of national law over EU norms. This has escalated tensions between Brussels and Robert Fico's government.
World coffee prices sharply dropped after Trump's decision to lift 40% tariffs on agricultural imports from Brazil. Arabica futures on ICE fell by 4.6% to $3.5925 per pound, while robusta dropped by 5% to $4400 per ton.
International Holding Company from the UAE, led by the brother of the UAE president, has expressed interest in acquiring assets of "Lukoil", which is under US sanctions. The US Treasury Department has allowed companies to negotiate with "Lukoil" until December 13.
