• US will announce a new package of sanctions designations on political figures and oligarchs on Thursday
  • NATO leaders to make sure Ukraine will be able to defend itself
  • Sanctions and China will be discussed in Biden's meeting with European council
  • US will look for ways to increase LNG supplies to Europe in the coming weeks

The ruble is up almost 10% today after the earlier announcement that it would collect gas sales to Europe in rubles. I'm not sure I want to lean on the technicals too hard at a time like this but it's at post-invasion lows and threatening a total retracement.