The world’s attention is still focused on the Ukraine crisis as the conflict keeps escalating, and the sanctions are being tightened. Russian planes are banned from the U.S. air space, the European arm of Russia's Sberbank have been closed, and many industrial giants have halted product sales in Russia while The Severstal company has stopped exporting steel products to the EU countries.
The changes were not long in coming.
The next Russia-Ukraine talks are about to start in the evening of March 2 and there’s still hope for the decline of violence. Meanwhile, the International Court of Justice’s hearings on Ukraine's appeal against Russia have already been scheduled for March 7 and 8 so the markets’ future is likely to be reshaped again. The HICP inflation data is also to be watched.
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