A post by @FirstSquawk on X.

The Kremlin said relations between Russia and the EU are effectively nonexistent, a stark assessment of the frozen diplomatic and economic ties between the two sides. The statement, relayed via First Squawk, offers no numerical detail but signals that engagement remains at a standstill. The remark matters because EU-Russia channels underpin energy trade, sanctions coordination and broader European risk sentiment. Traders will watch for any follow-up comments from Brussels or Moscow, and for whether the language shifts from stalemate toward even limited re-engagement.