Russian stock market plummeted 10%! The Moscow Exchange announced that it will suspend trading in the British pound! UEFA: Russia banned →

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On September 20 local time, Russian President Vladimir Putin met with representatives of major domestic military enterprises in the Kremlin and presided over the meeting. The meeting discussed issues such as guaranteeing relevant supplies of the Ministry of Defense and the implementation of the import substitution project.

In addition, Russian President Vladimir Putin ordered research on the Western weapons provided to Ukraine to improve Russian domestic weapons. At the same time, he also asked some defense industry enterprises to increase production capacity and guarantee the Russian military’s offensive weapons in the shortest possible time. At the same time, Russia's weapons production must achieve 100% complete import substitution.

There are new news about the situation in Russia and Ukraine.

Moscow Exchange announced that it would suspend pound trading

On September 20, local time, Moscow Exchange announced that it would suspend pound trading from October 3.

Tuesday local time, the Russian stock market fell sharply , Russian MOEX index once fell by more than 10%, the largest drop since late February, and the Russian RTS index also fell by more than 10%. However, the decline of the MOEX index narrowed to 8.84% in late trading, regaining some lost ground.

biden will nominate lynne tracy as the us ambassador to russia

local time on september 20th, according to news released by the white house , us president joe biden will nominate the current us ambassador to armenia lynne Tracy serves as ambassador to Russia.

Russian media: The Zaporozhye state administrative agency stated that the referendum will be conducted with reference to the laws of the Russian Federation. According to news from the Russian Satellite News Agency on the 21st, Vladimir Rogov, a member of the General Council of the Zaporozhye State Administration, told the media that the referendum in the state will be conducted with reference to the requirements of Russian Federation law.

reported that Rogoff said: "The referendum in Zaporozhye Region will be conducted with reference to the requirements of the laws of the Russian Federation and guided by the experience of Crimea." Chairman Miroshnichenko said that the Luhansk referendum on joining Russia will be held from the 23rd to the 27th. Pushilin, the leader of the "Donetsk People's Republic", announced on the same day that Donetsk will hold a referendum on joining Russia at the same time as Luhansk . In addition to Donbass, administrative officials in the pro-Russian Kherson and Zaporozhye regions also announced on the 20th that a referendum on joining Russia will be held from the 23rd to the 27th. On the 20th local time, the UEFA Union announced that Russia was banned from participating in the Euro 2024 draw. On the same day, the Russian Football Association issued a statement through its official website stating that the Russian national football team will not participate in the group draw for the 2024 European Cup qualifiers.

According to the plan, the draw will be held in Frankfurt on October 9th. The Russian Football Association's move is because UEFA has previously decided to suspend the Russian national team and clubs from participating in UEFA events.

FIFA and UEFA issued a joint statement at the end of February this year, suspending Russian clubs and national teams from participating in all FIFA and UEFA competitions until further notice.

After multiple rounds of sanctions, Germany's imports from Russia have not fallen but increased?

According to a report on the website of Russian Television Today (RT) on the 20th, the Russian Commercial Representative Office in Berlin revealed to RIA Novosti on Monday that in the first seven months of this year, Germany’s imports from Russia surged by 32.6%, reaching 27.9 billion US dollars .

Russia’s trade representative in Germany Andrey Sobolev (Andrey Sobolev) said that as of July, Germany’s total imports of fuel and energy products from Russia increased by 40.5%, and gold purchases from Russia increased.more than tenfold, while silver imports increased almost fivefold. Germany has also added other metals such as copper, aluminum and nickel from Russia. The

report also showed that German exports to Russia fell by 43.6% to $10.2 billion compared to the same period last year. The drop in exports widened Germany's trade deficit with Russia to $17.7 billion in the first seven months of this year.

Sobolev explained that despite a general decline in German exports to Russia, "the supply of German pharmaceutical products, seeds and fruit has increased".

Reuters also reported a few days ago that data from the German Federal Statistical Office in July showed that Germany imported products worth US$2.9 billion from Russia that month, a year-on-year increase of 10.2%.

It is worth noting that, due to the surge in energy prices, imports have increased, but Germany has actually received less material. Taking July as an example, statistics show that although Germany's imports from Russia increased by 10.2%, it decreased by 45.8% in terms of material volume. Germany spends more and gets less.

Source: CCTV News, Global Times, etc.

Responsible editor: Bi Dandan

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