World trade theme
Will we see Putin dressed in American Eagle jeans?
Kremlin: Putin and Trump are to meet. Vladimir Putin and Donald Trump are to meet about the Ukraine war "in the coming days," the Kremlin announces according to the news agency Interfax. The summit is happening at the initiative of the USA, and planning for it is underway, according to Interfax, citing Russian President's advisor Yuri Ushakov.The aim is said to be to hold the meeting next week. See the article on SVT Nyheter and the article on SVT Nyheter.
EU introduces new cap on Russian oil prices. A new 'dynamic cap' on Russian oil prices will be introduced in the EU's 18th sanctions package, reports European Pravda. The cap will come into effect on September 3 and is designed to reduce Russia's energy revenues.Russian revenues from oil and gas account for almost one third of the state's income, writes Kyivindependent, and are therefore crucial for the war chest.According to the newspaper, the country's finance ministry reported a 30 percent decline in oil and gas revenues in July compared to the same month last year, marking the third consecutive monthly decline. See the article on SVT News.