Ukraine Zelenskyy: Confirms Russia /Ukraine have agreed to exchange 1000 servicemen

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Zelenskyy says:

  • Russia and Ukraine agree to exchange 1000 military servicemen each
  • It would be an additional 200 each.
  • Ukraine and Russia to exchange lists for the POW exchange this week

Another step in the right direction. I wonder if a POW does not want to be a POW again. So why continue to be responsible for them?

This article was written by Greg Michalowski at www.forexlive.com.

Fed’s Goolsbee: So fare we’ve had excellent inflation reports

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  • So far we’ve had excellent inflation reports; Surprisingly little direct impact of tariffs.
  • Don’t know if that will remain true in the next one – two months.
  • Thinks underneath all the Tariff dirt in the air, rates can come down over 12 – 18 months
  • Thinks if we can get past this bumpy period, dual mandate looks pretty good.

This article was written by Greg Michalowski at www.forexlive.com.

Russia outlines in a memorandum the plans for cease-fire with Ukraine

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Russia sees the beginning of complete withdrawal of Ukrainian troops from Russian territory – including Donetsk, Luhansk, Zaporizhzhia and Kherson regions – as one of the options for establishing a ceasefire.

  • As part of the memorandum envisions lifting of all existing and rejection of new economic sanctions and restrictive measures between Russia and Ukraine
  • envisions restoration of economic relations with Ukraine, including gas transit
  • Proposing limiting the number of Ukrainian troops and weapons.
  • Suggest confirmation of Ukraine’s status as non-– nuclear weapon state with explicit ban on deployment of nuclear weapons on its territories.
  • Western arms supplies to Ukraine are ruled out for a cease-fire, this also applies for intelligence.
  • Envisions holding elections in Ukraine and then signing a peace treaty.
  • Implies end to mobilization and start of demobilization in Ukraine for cease-fire
  • Ukraine’s neutrality and ban on any military activities of third states on its territory

When you get to the details and Russia’s vision, there are probably things that would take a huge leap of faith from the EU and US perspective. Perhaps it is a start for further negotiations, but I can’t see it being accepted

This article was written by Greg Michalowski at www.forexlive.com.