Exclusive-Russia’s monthly oil and gas revenue poised to hit lowest since August 2020

Wall Street closed lower amid growing concerns over a potential artificial intelligence (AI) bubble and persistent inflation, leading investors to retreat from the market. This downturn reflects a broader sentiment of uncertainty as traders react to fluctuating economic indicators.

A bipartisan group of US lawmakers has called for the implementation of export controls on synthetic DNA sequences, highlighting concerns over national security and the potential misuse of biotechnological advancements. This initiative aims to regulate the distribution of synthetic DNA to prevent it from falling into the wrong hands.

The MOEX Russia Index closed down 0.61%, reflecting a negative sentiment in the Russian stock market as trading ended. This decline follows a recent trend of fluctuating performance, with the index experiencing a drop of 1.75% in the previous session, indicating ongoing market volatility.

Crude oil futures ended the week lower, marking consecutive losses as the market grappled with ongoing concerns about oversupply. The potential for a peace deal between Russia and Ukraine has diminished the geopolitical premium that typically supports oil prices, leading to a decline in market confidence.

The European Union has agreed to indefinitely freeze Russian assets, a decision aimed at facilitating a loan to Ukraine amidst its ongoing financial crisis. This move addresses the urgent need for financial support as Ukraine faces a projected cash shortfall of approximately €135.7 billion over the next two years due to the ongoing conflict with Russia.

Russia's Central Bank has filed a lawsuit in Moscow against Euroclear, the depository holding frozen Russian assets, as a warning to European officials who are considering using these assets to finance a loan for Ukraine. This legal action underscores the tensions surrounding the financial strategies being employed in response to the ongoing conflict in Ukraine.

The European Union has endorsed an indefinite freeze on Russian assets, a decision made in light of Ukraine's urgent financial needs as it faces a cash shortfall of approximately €135.7 billion over the next two years due to ongoing conflict. This move aims to bolster Ukraine's economy amidst the prolonged war with Russia.

Brazil is set to auction the massive Santos container terminal in early March, as confirmed by a government minister. This auction is part of Brazil's ongoing efforts to enhance its port infrastructure and attract foreign investment in the logistics sector.