The Russian War Is Getting Closer to Home

6min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

The us. said it doesn't see much hope for a settlement to end the war in ukraine. Investors have been bracing for russia to default on its international bond payments. Moscow has claimed that western sanctions are blocking it from servicing its debt. But yesterday, g p morgan processed interest payments sent by the russian government for two of the country's bonds. They paid in dollars, not in roubles, as moscow had threatened. The market for yet another critical commodity has been roiled by russia's invasion of ukraine - nickel. Trading has been so volatile the london metal exchange shut down nickel trading for an entire week. And when it restarted

The US secretary of state has poured cold water on hopes of a diplomatic settlement to the war in Ukraine, saying there were no signs Vladimir Putin was “prepared to stop” Russia’s invasion of its neighbour, JPMorgan has processed interest payments sent by the Russian government for two of the country’s bonds, and the London Metal Exchange suspended electronic trading in nickel on Wednesday, just after it reopened for business following a week-long shutdown.

Mentioned in this podcast:

US pours cold water on hopes of a Ukraine settlement

Russia edges closer to averting default as JPMorgan processes bond payment

London Metal Exchange suffers fresh glitch during nickel trading

War in Ukraine: free to read

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.