|

Russia's Putin to France's Macron: if Ukraine “disarmament” can't be agreed diplomatically offensive continues

Russian President Vladimir Putin told French President Emmanuel Macron on Thursday that if Ukraine's neutralisation and disarmament cannot be agreed upon diplomatically, he will continue military operations in the country, reported Reuters citing a French official. Putin told Macron that he was fighting against a "neo-Nazi" regime and denied that he was hitting civilians in Ukraine or that he was bombing Kyiv. 

Macron told Putin that he was making a "major mistake" about Ukraine and its President. He told Putin that Ukraine was not a Nazi regime and that Putin was deluding himself and not describing reality. What you are doing will cost your country dearly, Macron told Putin, with Russia to be isolated, weakened and under sanctions for a very long period.  

The French official told Reuters that there was nothing reassuring in what Putin told Macron, with Putin showing his determination to carry on with operations in Ukraine. The official said that Macron then spoke to Ukraine's Zelenskyy, who told him Ukraine will not surrender and that negotiations can't be held with a gun to his head. 

Author

Joel Frank

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

More from Joel Frank
Share:

Editor's Picks

GBP/USD surrenders some gains, back to 1.3420

GBP/USD holds on to moderate gains above 1.3400 the figure on Friday. Optimism surrounding the UK government’s leadership transition and expectations of further BoE tightening support the British Pound, while easing tensions in the Middle East and fading Fed rate-hike expectations weigh on the US Dollar.

EUR/USD turns positive, targets 1.1450

EUR/USD now picks up pace and advances toward the 1.1440 region on Friday, up modestly for the day. With no major economic data due, lingering uncertainty over the US-Iran conflict keeps investors cautious, limiting the pair's upside.

Gold remains offered, still below $4,100

Gold struggles to extend Thursday’s rebound and navigates below the $4,100 mark per troy ounce on Friday. Uncertainty surrounding the Middle East conflict limits the precious metal’s upside, which is also under pressure amid rising US Treasury yields across the curve.

Week ahead – US CPI and Warsh testimony to take centre stage, BoC eyed too

US inflation report and Warsh testimony to headline the week. Dollar to dominate amid slew of other US data and Mideast tensions. Amid fresh Iran escalation, China GDP to shed light on Q2 impact. Bank of Canada not expected to follow RBNZ with rate hike.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June Federal Open Market Committee meeting landed mid-round-trip, describing a world that had already stopped existing.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.