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10 Mar 2014
Putin and Merkel agree on need to normalize Ukrainian crisis
FXStreet (Bali) - While the Ukraine-Russia crisis is far from over, some encouraging signs emerged over the weekend, as Putin and Merkel agreed on a common interest to de-escalate the tensions.
According to Reuters, both agree on the need for normalization as soon as possible “despite differences” after a telephone conversation.
However, much still needs to be agreed on, as Putin continues to defend the pro-Russian leaders move in Crimea as in accordance with international law though, saying "the actions of Crimean authorities are aimed at protecting legitimate interests of the population of the peninsula."
As the story continues to develop, market participants will have to keep monitoring headlines very closely.
Ukrainian Prime Minister Arseny Yatseniuk is set to hold talks with President Barack Obama in Washington on Wednesday, Reuters reports, in order to find a peaceful resolution.
As per the stance of the US on a possible annexation of Crimea by Russia, Reuters cites US deputy national security adviser Tony Blinken saying "we won't recognize it, nor will most of the world."
According to Reuters, both agree on the need for normalization as soon as possible “despite differences” after a telephone conversation.
However, much still needs to be agreed on, as Putin continues to defend the pro-Russian leaders move in Crimea as in accordance with international law though, saying "the actions of Crimean authorities are aimed at protecting legitimate interests of the population of the peninsula."
As the story continues to develop, market participants will have to keep monitoring headlines very closely.
Ukrainian Prime Minister Arseny Yatseniuk is set to hold talks with President Barack Obama in Washington on Wednesday, Reuters reports, in order to find a peaceful resolution.
As per the stance of the US on a possible annexation of Crimea by Russia, Reuters cites US deputy national security adviser Tony Blinken saying "we won't recognize it, nor will most of the world."