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Russia warns US to steer clear of conflict with Venezuela; Moscow expresses strong support for Caracas, says Sergey Ryabkov to TASS.
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Russian steel prices may not rise until 2028, according to Kommersant. Hot-rolled coil prices at Russian ports are expected to stay near current levels if global steel demand remains sluggish. The market's recovery hinges on resolving China’s construction sector downturn and boosting demand for imported metals in India and the Middle East.
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European Commission identifies legal clause in EU treaties that permits indefinite blocking of Russian assets, circumventing Hungary's veto. This loophole enables EU members to avoid frequent votes on extending the freeze on Russian assets. — FT
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U.S. President Donald Trump indicated that Russia is open to a peace plan, which he said also appeals to Ukrainians. However, he expressed doubt over whether Ukrainian President Volodymyr Zelensky finds the proposal satisfactory, noting that Zelensky has not reviewed it.
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The Chinese Foreign Ministry has stated that Japan presents a security threat to China. Meanwhile, Japan is seeking to garner public support from the United States in its ongoing conflict with China.
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President Trump has raised concerns over the proposed merger between Netflix and Warner Bros., saying it warrants further review. He argued that the deal could lead to a company with "too much market share" and emphasized that it should undergo specific regulatory processes. Trump also indicated he plans to be "involved in the decision-making process."
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