Markets woke up with more cynicism towards the Kremlin’s claims that it is moving troops back from the border with Ukraine.
Markets woke up with more cynicism towards the Kremlin’s claims that it is moving troops back from the border with Ukraine. O n Wednesday the FTSE 100 dropped, while oil lifted above 95 dollars per barrel amid continuing tensions along the border. Markets had risen sharply on Tuesday after statements from Moscow that seemed to imply a de-escalation on the border. But a day later there was no clear evidence that the Kremlin was living up to its words. “So far we do not see any sign of de-escalation on the ground, nor withdrawals of troops or equipment,” Nato secretary-general Jens Stoltenberg said on Wednesday afternoon. “This may of course change, however what we see today is that Russia maintains a massive invasion force ready to attack.” Markets spent most of the day in the red, and the FTSE 100 closed the day down 0.1% to 7,603.78, a drop of 5.
