Market news
21.03.2022, 09:12

Kremlin: No significant progress in peace talks, no basis for possible Putin-Zelensky meeting

The Kremlin said in a statement on Monday, there is no basis for a possible Putin-Zelensky meeting, as there needs to be significant progress made first.

Additional takeaways

Russia ready to work faster on negotiations than Ukraine side.

No agreements reached yet in Ukraine negotiations.

Progress in Ukraine talks 'less than we would like'.

EU embargo on Russian oil 'would hit everyone'.

Market reaction

Risk-aversion remains the key theme so far this Monday’s trading, with the S&P 500 futures down 0.21% and the US dollar index steadying around 98.25.

The tensions surrounding the Russia-Ukraine resurfaced after Ukraine refused to surrender Mariupol to the Russians.  

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