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A Ukraine and Russia cease-fire - BBH

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman explains the Geopolitical news of late in respect of the Ukraine.

Key Quotes

"News that Ukraine and Russia have agreed on a cease-fire in east Ukraine was greeted enthusiastically by investors, even though what this means for what Putin has called "Novorossiya" is not immediately clear. Recall that Russian forces still occupy part of Georgia taken in 2008."

"That Putin can agree to a cease fire also seems to contradict his claims that the insurgency was independent of Moscow. Moreover, that the agreement was struck on the eve of the NATO meeting may also not be coincidental, and is consistent with Putin's ability to keep the US and Europe off-balance."

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