There's been further 'risk on' or 'war off' moves on this headline.
The euro hit 1.1048 on this, adding another 40 pips and WTI crude oil fell further to $116.12.
Russia has made four key demands:
- Constitutional reform to guarantee 'neutrality' (not joining NATO)
- Recognition of LPR and DPR
- Cease military action
- Acknowledge Crimea as Russian territory
Earlier in the week, Russia said it would stop military operations 'in a moment'.
The aide today said they can discuss neutrality but need security guarantees. He also said they 'won't trade a single inch of territories'.
So all the talk of a 'deal' is great but there might be a big gap in the sides.
