President Zelenskyy: Prepared to discuss commitment from Ukraine not to seek NATO membership

Dhwani Mehta FXStreet

The Associated Press (AP) reported the latest comments from the Ukrainian President Volodymyr Zelenskyy, as he said: “late Monday was prepared to discuss a commitment from Ukraine not to seek NATO membership in exchange for a cease-fire, the withdrawal of Russian troops and a guarantee of Ukraine security.”

Additional quotes

It's a compromise for everyone: for the West which doesn't know what to do with us with regard to NATO, for Ukraine which once security guarantees and for Russia, which doesn't want to further NATO expansion.

Called for direct talks with Russian Pres. Putin.

It is impossible to understand whether Russia even wants to stop the war unless he meets face-to-face.

Kyiv will be ready to discuss the status of Crimea and the Eastern Donbass region held by Russian-backed separatists after a cease-fire and steps toward providing security guarantees.

Market reaction

Risk sentiment is seeing a bit of a lift on Zelenskyy’s comments, as S&P 500 futures trim losses while AUD/USD rebounds towards 0.7400.

Meanwhile, the US dollar index retreats towards 98.50, as of writing.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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