Search ForexCrunch

Analysts at Rabobank note that the Ukraine has declared martial law for 30 days in some areas, warning of potential Russian invasion after the recent naval incident with Russia.

Key Quotes

“The White House has been notably silent and has instead made clear this is Europe’s backdoor and the EU’s mess to clean up. And that squarely illustrates the illusion of EU Great Power yet again: what is it going to use to stop Russian aggression, should any be seen – “Harsh language,” as Corporal Hicks asks in ‘Aliens’? Don’t think that dynamic, or lack of a dynamic, won’t play out in both US-Russia chats at the G-20 and in US-EU chats over trade to come. The former might be RUB positive but the latter is certainly EUR negative.”