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Markets Look Through Ceasefire Headlines

RUSSIA
  • Reuters cites RIA in reporting that Russia's Rights Commissioner said important ceasefire proposals have been made during her meeting with Turkish and Ukrainian colleagues in Turkey.
  • Some context for these Russia/Ukraine headlines - rights commissioners are meeting on the sidelines of an international ombudsman conference today and tomorrow, with Russian / Turkish / Ukrainian representatives to meet bilaterally in Turkey Jan 12-14 to discuss humanitarian aid. So worth taking note these are not senior ministers from government, nor defence ministry representatives.
  • Deals have been struck in the past for grain corridors and key exports and the like, so the context suggests these discussions could be concerning similar deals.

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