Free Trial
OIL OPTIONS

Brent Option Expiry: Mon 27th June

US EURODLR FUTURES

Short End Gap Bid

NATURAL GAS

South Korea's Kepco Opts for Coal to Save Gas

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Scholz-Arsenal 'Exhausted', Unable To Provide Ukraine w/Extra Weapons

GERMANY

Reuters reporting comments from German Chancellor Olaf Scholz regarding the war in Ukraine.

  • Scholz: "Our army's options for supplying Ukraine with further weapons from its arsenal are largely exhausted"
  • Scholz: "Avoiding escalation towards NATO is a top priority for me...I do not thing it is justified for Germany and NATO to be come warring parties in Ukraine".
  • Scholz's comments are likely to draw a rebuke from Ukraine and disappointment from Russia hawks in the NATO alliance. Following initial enthusiasm from Scholz towards providing major assistance to Ukraine and bolstering its own armed forces (EUR100bn of new investment into German defence announced very shortly after the Russian invasion begain), the chancellor has turned more lukewarm on providing additional assistance to Ukraine.
  • This is not only leading to some veiled criticism from officials in other NATO countries, but exposing cracks in the German governing coalition. Scholz's Social Democrats have historically had closer links with Russia than other major German parties. The junior partners in the coalition (environmentalist Greens, liberal Free Democrats) have advocated for more military support for Ukraine, harsher sanctions on Russia.
180 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Reuters reporting comments from German Chancellor Olaf Scholz regarding the war in Ukraine.

  • Scholz: "Our army's options for supplying Ukraine with further weapons from its arsenal are largely exhausted"
  • Scholz: "Avoiding escalation towards NATO is a top priority for me...I do not thing it is justified for Germany and NATO to be come warring parties in Ukraine".
  • Scholz's comments are likely to draw a rebuke from Ukraine and disappointment from Russia hawks in the NATO alliance. Following initial enthusiasm from Scholz towards providing major assistance to Ukraine and bolstering its own armed forces (EUR100bn of new investment into German defence announced very shortly after the Russian invasion begain), the chancellor has turned more lukewarm on providing additional assistance to Ukraine.
  • This is not only leading to some veiled criticism from officials in other NATO countries, but exposing cracks in the German governing coalition. Scholz's Social Democrats have historically had closer links with Russia than other major German parties. The junior partners in the coalition (environmentalist Greens, liberal Free Democrats) have advocated for more military support for Ukraine, harsher sanctions on Russia.