Macro Daily: Russia Ukraine negotiations have made significant progress, and commodity prices have fallen in the short term

1. Important macro news and events:

Russia and Ukraine confirmed that the fourth round of talks will be held by video on the 14th (Monday), and the two sides are expected to reach a consensus. Earlier, slotsky, a member of the Russian delegation to the Russia Ukraine negotiations, said that "substantial progress" had been made in the negotiations with Ukraine.

On the 11th local time, US President Biden issued an executive order prohibiting the direct or indirect export, re export, sale or supply of US dollar denominated banknotes from the United States or Americans to the Russian government or anyone in Russia. In a speech at the White House, US President Biden announced new sanctions against Russia, focusing on the cancellation of "most favored nation treatment" for Russia together with the group of seven and EU members.

According to market news, the US Senate has enough votes to pass a $1.5 trillion bill, including $13.6 billion in aid to Ukraine, which will be handed over to Biden.

Borrell, vice president and "foreign minister" of the European Commission, tweeted that the Vienna (nuclear) negotiations needed to be suspended due to external factors. The final text of the Iranian nuclear negotiations is basically ready and on the table.

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