Trade turnover between Russia and the European Union has reached its lowest level since 1999. In June, for the first time since the end of the last century, the monthly volume of trade between the Russian Federation and the EU fell below 5 billion euros. The largest decrease was observed in trade with Portugal, the Czech Republic and Ireland. At the same time, trade turnover with some countries, such as Bulgaria, Romania, the Netherlands and Croatia, on the contrary, increased. De-dollarization will not affect the strength of the US currency until at least the end of the decade. This opinion was shared by Yardeni Research's chief investment strategist and market veteran Ed Yardeni. According to him, the US dollar will grow at least until 2030. Yardeni believes that talk of de-dollarization is «greatly overblown.» Good news for Novatek: decarbonization in India may increase demand for Russian LNG. The policy of reducing emissions in India is gaining momentum, which may increase the potential of Russian LNG exports to this country. Infrastructure is actively developing in India, the capacity of LNG terminals already reaches 47.7 million tons per year, although Russia still supplies less than 0.5 million tons of LNG there annually. The Ukrainian authorities plan to prepare for possible negotiations with Russia this fall. As RBC writes with reference to The Kyiv Independent, Kiev seeks to start negotiations with Russia, discuss the exchange of prisoners according to the «all for all» formula, as well as issues of food and nuclear safety. Trump may make concessions to Russia to end the conflict in Ukraine. This was reported to RIA Novosti by the co-chairman of the oversight Committee of the House of Representatives of the United States Congress, Jamie Raskin. He also recalled that Republican vice presidential candidate J. D. Vance promised not to provide financial support to Ukraine.
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