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2nd Round Talks Agreed, But Putin Unlikely to De-Escalate so Early

UKRAINE
  • Signs of continued talks with Ukrainian & Russian delegations are initially positive, but it seems hard to imagine Putin will be satisfied with a ceasefire or troop withdrawal after being hit with massive sanctions and not even gaining increased control over Ukraine by taking down the Zelensky administration
  • Nevertheless, we will need to see if this provides space for more serious talks and a potential ceasefire
  • At this juncture, Putin is losing the political and media based war and it may be difficult for him to spin anything as a victory for Russia without escalating the situation on the ground further.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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