Bargain hunting for bonds in Russia and Ukraine
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 March 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US is finalising a plan to supply the EU with up to 15bn additional cubic metres of liquefied natural gas by the end of 2022, Russian shares rose as the Moscow exchange partially reopened, hedge funds search for bargains in Russian and Ukrainian bonds, and Toshiba shareholders vote down management’s plan to split the famous industrial conglomerate in two.
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Mentioned in this podcast:
US to boost supplies of liquefied natural gas to EU
Russian shares rise as Moscow stock market reopens
Hedge funds search for bargains in Russian and Ukrainian bonds
Toshiba shareholders reject management plan to split the company
Twitterspaces discussion: A look inside Putin’s inner circles
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
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:11.6 | Good morning for the Financial Times. |
| 0:13.6 | Today is Friday, March 25th, and this is your FT News Briefing. |
| 0:18.8 | We'll start the show in Brussels where world leaders have gathered for a whirlwind diplomatic |
| 0:23.2 | effort focused on Ukraine. And we'll talk with Katie Martin about Russia's financial markets, |
| 0:28.6 | which reopened this week. I guess this is a bit of a move on the Russian side to |
| 0:33.9 | give the impression that, you know, we're back in business. |
| 0:37.1 | Plus, we'll have the latest development in the ongoing corporate saga that is Toshiba. |
| 0:43.2 | I'm Joanna Gao, in for Mark Philpino, and here's the news you need to start your day. |
| 0:50.0 | Leaders at the G7, NATO, and EU gathered in Brussels to try and come up with ways to help Ukraine. |
| 0:57.2 | They're also trying to address the economic fallout from Russia's invasion of Ukraine. |
| 1:01.6 | Here's the FT's Andy Bounds with some of the key agreements. |
| 1:04.5 | The main one from the G7 meeting was sanctions on gold, so Russia is trying to avoid it's |
| 1:10.7 | obviously being cut off from a lot of swift transactions, a lot of dollar transactions. |
| 1:14.2 | So apparently it's been trying to sell its foreign reserves of gold in order to, you know, |
| 1:18.7 | generate currency, and therefore they've taken actions to try and stop that. |
| 1:23.2 | And then secondly, a big issue for the EU is it's very reliant on Russian gas. |
| 1:27.5 | And obviously that sends lots of money to Russia, which they can use to fulfill their war aims. |
| 1:32.7 | So the US is going to step up and announce that it's going to provide or try to provide some more |
| 1:38.7 | liquefied natural gas to the EU in order to mean they don't have to buy as much from Russia. |
| 1:45.3 | It's a small dent, really, and they are looking to other countries as well to do more. |
... |
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