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The main events by the morning: September 26


Septembre, 26 2024
watermark Economic news

  • Putin held the first public meeting of the Russian Security Council on nuclear deterrence and announced an update to Russia's nuclear doctrine. Now aggression against the Russian Federation by a non-nuclear state together with a nuclear one will be considered as an attack on Russia. The Russian Federation also reserves the right to use nuclear weapons in case of aggression against Belarus.


  • The G7 Declaration on Ukraine was supported by only 30 of the 193 UN member states. According to the document, Russian assets will remain frozen until the end of the «aggression» and the payment of compensation to Ukraine. The countries that signed the declaration also pledged to continue work on allocating a loan to Ukraine in the amount of $50 billion by the end of 2024, which is planned to be financed from income from Russian assets.


  • Saudi Arabia has decided to abandon attempts to keep the price of oil at $100 per barrel. The country intends to increase production in order to maintain its market share. Following her, other OPEC+ countries also plan to abandon production cuts from October. This may lead to a decrease in oil prices to levels below $70 per barrel in the near future.


  • The United States expressed dissatisfaction with the new plan of Ukrainian President Vladimir Zelensky, considering it a «repackaging» of old requests for arms supplies. The Biden administration is concerned about the lack of a comprehensive strategy in the plan, which basically repeats previous requests for long-range weapons and other assistance. In addition, Zelensky's visit to a weapons factory in Pennsylvania drew criticism from Republicans, who accused him of interfering in the US election process.


  • Sber, Alfa-Bank and T-Bank have joined a consortium to develop a single QR code that will become an alternative to the NSPK (SBP). According to the terms of the consortium, Alfa-Bank and T-Bank undertake to sell 2.5% of their shares to each new participant, while the price will depend on the estimated value of the consortium at the time of the transaction. Experts believe that the participation of these banks may encourage other large credit organizations to join.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.