14 Apr 2014
Russia Ukraine conflict reignites - Danske Bank
FXStreet (Barcelona) - Jens Nærvig Pedersen, Danske Bank Analyst notes that the conflict between Russia and Ukraine moved to the eastern Ukraine city of Slovyansk over the weekend where Ukraine security forces battled pro-Russian activists, thereby adding to a further escalation of the crisis.
Key Quotes
“Late Sunday Russia called for an emergency UN meeting on the conflict. The situation in eastern Europe is likely to be a key worry for the market and a further sell-off of Ukrainian and Russian assets seems probable.”
“There has already been a reaction in the energy and grains market, where precautionary buying sent prices up this morning, due to Putin’s comments on the likelihood of a shutdown of gas exports from Russia to Ukraine.”
Key Quotes
“Late Sunday Russia called for an emergency UN meeting on the conflict. The situation in eastern Europe is likely to be a key worry for the market and a further sell-off of Ukrainian and Russian assets seems probable.”
“There has already been a reaction in the energy and grains market, where precautionary buying sent prices up this morning, due to Putin’s comments on the likelihood of a shutdown of gas exports from Russia to Ukraine.”