Financial Times reports the European Union is seeking approval to permit new uses of frozen Russian assets.

CARNEY says Canada plans to produce several million drones over the next two years and will send one-third of them to Ukraine.

At midday close, China’s main futures were mixed. Shanghai silver futures slid more than 5%; lithium carbonate fell nearly 5%; platinum dropped about 4%. Synthetic rubber, coking coal, ethylene glycol (EG), Shanghai tin, palladium, coke, red dates and Shanghai zinc each declined over 3%. On the upside, Shanghai crude (SC) rose nearly 6%; fuel oil gained over 4%; low-sulfur fuel oil (LU) was up about 4%; container-shipping Europe-route futures advanced more than 3%.