The Week inAdvance
Monday | Dec 20, 2021
Mon Dec 20 EU Environment Council. | Tue Dec 21 Winter solstice in Northern Hemisphere. | Wed Dec 22 EU green investment rules for nuclear & gas. | Thu Dec 23 Putin annual news conference. | Fri Dec 24 U.S. markets are closed. European markets close earlier.

China’s de-facto benchmark funding rate may be inching closer to its first cut since April 2020, after policymakers signaled a focus on “stabilizing” the economy and the PBOC reduced reserve requirements for banks. Though a change may come as soon as Dec. 20, headwinds like the property crisis and weak domestic demand have seen expectations rise for a drop in the loan prime rate.

The EU is expected to announce on Dec. 22 how natural-gas and nuclear-energy projects would be classified under its green investment rules. With energy prices setting records and no sign that Russia will quickly refill depleted gas inventories, a compromise may be seen as the only possible outcome.

Russia’s standoff with the West over Ukraine, NATO and international relations are some of the themes likely to dominate Vladimir Putin’s annual press conference on Dec. 23. The Russian president could also announce whether he will run for six more years when his current terms ends, a decision widely expected after he scrapped term limits that would have forced him to stand down as president in 2024.

All times are Eastern and subject to change.
save the date
Thursday, Jan 13
INVESTORS market practices industry update
10:30 - 11 am

Come when you can. Leave when you have to. Take your calls.
at the agencies

No meetings scheduled.
on the hill

House and Senate not in session.
across the globe
Monday, Dec 20
EU Environment Council meets. Ministers will discuss the EU’s climate package called ‘Fit for 55’.

Monday, Dec 20
PARIS, France
The OECD's release of the Anti-Corruption Review of the Energy Sector in Ukraine, which will serve as a useful instrument for policymakers, energy sector government and non-government stakeholders, anti-corruption bodies, ownership entities, SOEs and law enforcement bodies in identifying trends, good practices, and common problems in the energy sector. The Report provides an overview of corruption risks in the energy sector, anti-corruption measures implemented by the government and the investigation and prosecution of corruption in the energy sector.

Wednesday, Dec 22
The European Commission is likely to unveil its plan for how natural-gas and nuclear-energy projects would be classified under its green investment rules.
other events
Tuesday, Dec 21
According to the astronomical definition, winter begins with the winter solstice. In the Northern Hemisphere, it's the December solstice; south of the equator, it is the solstice in June. In Boston, Massachusetts, USA: Tuesday, December 21, 2021 at 10:59 am EST. (Change location.) This corresponds to Tuesday, December 21, 2021 at 3:59 pm UTC.
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