Ukraine Recap: EU Agrees More Sanctions Against Belarus

The European Union backed more sanctions on Belarus with further export bans for its support of Russia’s invasion of Ukraine. Lithuanian President Gitanas Nauseda said the Baltic nations and Poland should be prepared to shut the border with Belarus amid security warnings over the presence of Russian mercenaries there.

(Bloomberg) — The European Union backed more sanctions on Belarus with further export bans for its support of Russia’s invasion of Ukraine. Lithuanian President Gitanas Nauseda said the Baltic nations and Poland should be prepared to shut the border with Belarus amid security warnings over the presence of Russian mercenaries there.

German Defense Minister Boris Pistorius reiterated that it’s too early to make a decision on supplying Ukraine with the Taurus cruise missiles it has requested. In its support for the government in Kyiv, Germany is focusing for now on areas including air defense and armored vehicles, Pistorius told reporters during a troop visit in Bavaria.

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Markets

Russia may offer cheaper grain exports to countries that have not imposed sanctions, the latest sign that Moscow is using the nation’s food superpower status as a political tool. The government could get the ability to lower duties on commodities exports including grain and fertilizers to “friendly” countries, Prime Minister Mikhail Mishustin said.

 

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