Russian presidential aide Yuri Ushakov announced details early on October 10 of a high-level phone call between Russian President Vladimir Putin and U.S. President Donald Trump. Russia said that peace talks with Ukraine cannot currently be resumed because of the recent escalation in military tensions.
The move dashed observers’ short-term hopes for an early ceasefire following the U.S. administration’s shuttle diplomacy efforts. Moscow’s insistence on maintaining the initiative on the battlefield and its refusal to return to the negotiating table mean geopolitical risks are likely to remain elevated.
Risk aversion could return to traditional financial markets, supporting safe-haven assets such as gold and exposing crude oil prices to the risk of sharp volatility. Bond yields and the U.S. dollar will also face repricing pressure depending on the level of uncertainty surrounding global supply chains.
In the crypto market, a short-term defensive sentiment could slow speculative inflows and weigh on the price of $BTC . However, if prolonged instability undermines confidence in the traditional financial system, long-term capital could turn to cryptocurrencies as a decentralized means of payment and store of value.
#Geopolitics #Trump #Russia #MacroEconomics
The move dashed observers’ short-term hopes for an early ceasefire following the U.S. administration’s shuttle diplomacy efforts. Moscow’s insistence on maintaining the initiative on the battlefield and its refusal to return to the negotiating table mean geopolitical risks are likely to remain elevated.
Risk aversion could return to traditional financial markets, supporting safe-haven assets such as gold and exposing crude oil prices to the risk of sharp volatility. Bond yields and the U.S. dollar will also face repricing pressure depending on the level of uncertainty surrounding global supply chains.
In the crypto market, a short-term defensive sentiment could slow speculative inflows and weigh on the price of $BTC . However, if prolonged instability undermines confidence in the traditional financial system, long-term capital could turn to cryptocurrencies as a decentralized means of payment and store of value.
#Geopolitics #Trump #Russia #MacroEconomics