13 May 2014
Ukraine remains in the back burner - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, sees global markets are bypassing the situation in Ukraine.
Key Quotes
"The ongoing developments in the Ukraine continue to have only a limited negative impact on global investor risk sentiment with the Russian equity market and rouble cautiously extending their recent rebounds. EU foreign ministers agreed yesterday to expand their current asset freezes and travel bans on to 13 more Russian individuals and two companies in Crimea."
"The EU will also “pay particular attention to all parties’ attitude and behaviour” towards the Ukraine’s presidential election scheduled for the 25th May when deciding on future sanctions. Any attempt by Russia to disrupt the presidential election may prompt level three sanctions including a ban on exports of high-tech energy equipment to Russia."
"The Donetsk region has declared independence from the Ukraine after the referendum results. Separatist leaders have asked Russia to annex the region. Russian foreign minister Lavrov stated that Russia respects the results of the referenda in the Donetsk and Luhansk regions but stated that a national dialogue in the Ukraine is needed to resolve the crisis as soon as possible favouring a federal structure."
Key Quotes
"The ongoing developments in the Ukraine continue to have only a limited negative impact on global investor risk sentiment with the Russian equity market and rouble cautiously extending their recent rebounds. EU foreign ministers agreed yesterday to expand their current asset freezes and travel bans on to 13 more Russian individuals and two companies in Crimea."
"The EU will also “pay particular attention to all parties’ attitude and behaviour” towards the Ukraine’s presidential election scheduled for the 25th May when deciding on future sanctions. Any attempt by Russia to disrupt the presidential election may prompt level three sanctions including a ban on exports of high-tech energy equipment to Russia."
"The Donetsk region has declared independence from the Ukraine after the referendum results. Separatist leaders have asked Russia to annex the region. Russian foreign minister Lavrov stated that Russia respects the results of the referenda in the Donetsk and Luhansk regions but stated that a national dialogue in the Ukraine is needed to resolve the crisis as soon as possible favouring a federal structure."