OctaFX | OctaFX Forex Broker
Open trading account

Russian military equipment seen entering Ukrainian territory

FXStreet (Łódź) - Reports of Russian military vehicles crossing the Ukrainian border on Friday caused a stir among EU officials, with British Foreign Secretary Philip Hammond expressing his preoccupation with the development and warning of "serious consequences," should the trucks fail to turn back.

Reuters also reported that Lithuania's Foreign Minister said 70 pieces of Russian military equipment entered the Ukrainian territory during the night.

"We are very much concerned about the situation developing because on the one hand we are talking very much about this so-called humanitarian convoy but at the same time we see that the escalation continues," the Lithuanian official said at an emergency meeting of EU Foreign Ministers in Brussels.

EU High Representative on Foreign Policy Catherine Ashton suggested that hope for a peaceful solution to the Ukrainian crisis now lies in the talks between the European Commission President José Manuel Barroso, Ukrainian President Petro Poroshenko and Russian President Vladimir Putin. It is not clear however then will the meeting take place.

Demand for the EUR remains subdued – BTMU

Lee Hardman, Currency Analyst at BTMU sees the likeliness of further downside for the single currency in the medium term....
Read more Previous

GBP/USD flirting with 1.6700

The sterling seems to be gathering buying momentum vs. the greenback on Wednesday, pushing the GBP/USD to another test of the 1.6700 handle....
Read more Next
Start livechat