Putin declares truce for Victory Day May 7-11th

• Putin declares truce for Victory Day May 7-11th.
• In the event of violations of the ceasefire by Ukraine, Russia will respond.

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• Russia once again declares its readiness for peace talks without preconditions.

I don’t think Russia-Ukraine peace deal is that much of a deal for global markets. At margin, it could be negative for oil, but trade negotiations will have a bigger weight.

It will likely be positive for Russian and Ukraine assets though.

This article was written by Giuseppe Dellamotta at www.forexlive.com.