Ukrainian President Volodymyr Velenskyy on Monday signed Ukraine's application to join the European Union just as talks between a Ukrainian and Russian delegation to try and organise a ceasefire to the Russo-Ukraine war ended. Market participants await reports on how the talks went. Expectations for agreement are low, given Russian demand for Ukrainian "neutrality", which presumably means Ukraine not being allowed to join the EU.
Market Reaction
There has not been a reaction to the latest headlines. USD/RUB continues to trade near record highs in the 110 area.
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