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- Germany’s Fischer: The “Weimar Triangle” calls on Russia to de-escalate situation at Ukrainian border
Germany’s Fischer: The “Weimar Triangle” calls on Russia to de-escalate situation at Ukrainian border
Following the meeting of the “Weimar Triangle”, Germany's permanent representative to the European Union (EU) Sebastian Fischer tweeted out, citing that Germany, France and Poland urge Russia to de-escalate the tensions around the Ukrainian border.
Fischer tweeted: “Germany, France and Poland call on #Russia to de-escalate the situation at the Ukrainian border + engage in a meaningful dialogue on security on the European continent. Any further military aggression by Russia against #Ukraine will have massive consequences + severe costs.”
The "Weimar Triangle" is, loosely, a grouping of Poland, Germany, and France, according to Wikipedia.
Market reaction
As the US and its NATO allies seek to de-escalate the Russia-Ukraine tensions, the S&P 500 futures take that in its stride, gaining 0.60% on the day.
Meanwhile, EUR/USD consolidates around 1.1425 amid a calm before the US inflation storm.
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