Forex News March 10, 2022

 

Russia-Ukraine

Russia

  • High-level talks between Russia and Ukraine yield no results.
  • Lavrov stated that a meeting between Putin and Zelensky was discussed and that the former would not turn down such an opportunity. Any such contact, however, would have to be substantive and specific. “I’m guessing that would mean Kyiv submitting to Moscow’s demands,” he added. Otherwise, I don’t see a meeting between the two at any point.”
  • In any case, today’s meeting produced no significant results. There are no surprises here. As a result, the siege on Ukrainian cities will continue until further developments occur.
  • The difference in tone and focus points following the meeting suggests that both sides are still far from seeing eye to eye on any peace or ceasefire. Lavrov also warns that the West is behaving “dangerously” by supplying weapons to Ukraine, posing a threat to the region that could last “many years.”

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