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Ukraine is back to the headlines – Danske Bank

FXStreet (Edinburgh) - Geopolitical jitters around Russia and Ukraine seem to be re-emerging, commented Morten Helt, Senior Analyst at Danske Bank.

Key Quotes

“On the geopolitical stage, the situation in Ukraine seems to have escalated further as rebels are succeeding to advance in eastern Ukraine”.

“Yesterday, Ukraine’s army abandoned its defense of Lugansk airport against what it said was a Russian tank battalion in the east of the country and Ukraine’s government also seems to have conducted a change in its communication, shifting focus away from an offensive against rebels and now signaling that the situation is de facto war with Moscow”.

“According to an article on FT.com, Ukraine’s president, Petro Poroshenko, yesterday accused Moscow of conducting ‘direct and undisguised aggression’ against the country”.

“With more signs of Russian direct intervention, there is an increasing risk of another round of sanctions”.

“Last night German Chancellor Angela Merkel said the EU will press ahead with tougher sanctions against Russia, if evidence mounts that Russia is behind ‘attacks’ on Ukraine”.

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