13 Feb 2015
Minsk Agreement: Market’s reaction to contained henceforth – DB
FXStreet (Barcelona) - The Deustche Bank Team highlights the key points out of the Minsk agreement, and further shares its view on the resolution of the Ukraine conflict.
Key Quotes
“On Thursday, the leaders of Ukraine, Russia, Germany and France completed negotiations on the resolution of the conflict in Donbass (eastern Ukraine) that resulted in a written declaration. The document states that the leaders approve the agreements made by the contact group on 12 February and will encourage the implementation of the contact group agreements from September 2014 and February 2015.”
“Germany and France are to provide technical support to the Donbass banking system. The leaders also called for further dialogue between Ukraine, Russia and EU on gas issues.”
“The EU, while welcoming the new agreement, issued declarations regarding the significant scope for further progress that is still to be attained.”
“One of the near-term implications of the deal is the lower near-term risk of higher sanctions against Russia - according to the head of EU foreign policy Federica Mogherini, she did not expect EU leaders to discuss the issue of sanctions against Russia at the EU summit...”
“We expect the market’s reaction to be contained henceforth, with the scale of implementation of the Minsk agreement being in focus and the fate of last year’s Minsk accords to weigh over market’s perceptions of the prospects of the new agreements.”
Key Quotes
“On Thursday, the leaders of Ukraine, Russia, Germany and France completed negotiations on the resolution of the conflict in Donbass (eastern Ukraine) that resulted in a written declaration. The document states that the leaders approve the agreements made by the contact group on 12 February and will encourage the implementation of the contact group agreements from September 2014 and February 2015.”
“Germany and France are to provide technical support to the Donbass banking system. The leaders also called for further dialogue between Ukraine, Russia and EU on gas issues.”
“The EU, while welcoming the new agreement, issued declarations regarding the significant scope for further progress that is still to be attained.”
“One of the near-term implications of the deal is the lower near-term risk of higher sanctions against Russia - according to the head of EU foreign policy Federica Mogherini, she did not expect EU leaders to discuss the issue of sanctions against Russia at the EU summit...”
“We expect the market’s reaction to be contained henceforth, with the scale of implementation of the Minsk agreement being in focus and the fate of last year’s Minsk accords to weigh over market’s perceptions of the prospects of the new agreements.”