Flash: Tension in Ukraine remains high - Danske Bank

Lars Christensen, Chief Analyst at Danske Bank notes that tension remains very high in Ukraine and on Wednesday the region of Lviv in western Ukraine declared ‘independence’ from the central government.

Key Quotes

“This has further raised geo-political concerns. These worries are now clearly visible in the Russian markets and the Russian ruble came under further pressure yesterday together with other central and eastern European markets.”

“However, late Wednesday night the Ukrainian government announced that it had reached an agreement with opposition forces about what effectively is a ‘truce’. This should help market worries but the situation remains very fragile.”