The main events by the morning: June 25

• The European Union is reducing political contacts with Georgia because of the law on foreign agents. The head of European diplomacy, Josep Borrel, said that the European Union intends to reduce political contacts with Georgia. The reason for this decision was the recently adopted law on foreign agents in the country, despite thousands of protests and the veto of President Salome Zurabishvili.

• French President Emmanuel Macron has declared his readiness to continue the dialogue with the Russian president. Macron stressed that he believes in the power of negotiations and plans to discuss with Putin issues such as nuclear energy, as well as other important topics. Recall that in December 2023, Putin announced that Macron had terminated relations with Russia.

• Chinese auto exports to Russia reached a record $1.3 billion. In May, the figure reached a new record, amounting to $1.3 billion, which was the highest since November last year. This result is 65% higher than the data for May 2023. Russia continues to be the largest buyer of Chinese cars, accounting for 16.4% of total exports. The second largest importer is Brazil with a share of 11.7%.

• The European Union has lost a quarter of its diamond export revenues as a result of sanctions against Russia. Since the beginning of the year, the volume of diamond exports from the European Union has decreased by a quarter, amounting to 2.5 billion euros compared with 3.34 billion euros a year earlier. At the same time, diamond purchases from Russia decreased by 29%, reaching 2.66 billion euros.

• Russia's national debt is declining at the fastest pace among the G20 countries. Over the past year, it decreased by 12%, reaching $285 billion. This is the fastest rate of decline among the G20 countries. At the same time, Mexico became the leader in public debt growth, increasing its loans by 31% to $687 billion. It is followed by Brazil and India with an increase of 22% and 15%, respectively.