Russia & Institute for Supply Management

Russia: Russia experienced a drone attack on an oil terminal in United States — St. Petersburg, Florida by Ukraine, causing a fire. This attack occurred just before an international economic forum, causing embarrassment for President Vladimir Putin.

Institute for Supply Management: The Institute for Supply Management reported accelerated growth for U.S. services businesses but also noted the pinch of higher prices due to tariffs and expensive oil. Its report provides insights into inflationary pressures.

Russia: Russia is gaining from the Iran war due to increased fossil fuel prices, and the US decision to extend a sanctions waiver for Russian seaborne oil has caused tension within the G7.

Institute for Supply Management: The Institute for Supply Management>>> reported on the manufacturing purchasing managers index for the United States>>>.

Russia: Russia has been targeted by Ukrainian long-range strikes on its energy and military infrastructure, challenging President Vladimir Putin's claims of winning the war.

Institute for Supply Management: The Institute for Supply Management released data showing increased US manufacturing activity, which is a positive economic indicator.

Russia: Russian oil cargoes are subject to US sanctions waivers, which have been extended to address global energy prices.

Institute for Supply Management: A report from the Institute for Supply Management>>> indicated accelerated growth in US services but also higher prices due to tariffs and oil.

Russia: Russia, as an OPEC+ member, has called for de-escalation and is affected by Ukrainian attacks on its infrastructure. It is a secondary player.

Institute for Supply Management: US economic data provider that reported on services PMI, affecting market sentiment.