Altcoin NewsCryptocurrency News

Russia-Ukraine Second Round Of Talks To Resume Today: State Media Reports

The second round of Russia-Ukraine ceasefire talks are set to begin later in the day, Russian state news agency TASS reported. Negotiations will likely be held in Belarus again. Uraine’s demands are for an immediate ceasefire and withdrawal of Russian troops, TASS reported citing several Ukrainian media outlets.

Russia reportedly demanded that Ukraine recognize the sovereignty of separatist regions and drop its demand that Crimea should be returned.

Ukraine’s EU application accepted

Ukraine’s application to join the EU was formally accepted by the bloc on Tuesday. But the country will not be granted  “immediate” membership as requested by President Volodymyr Zelensky. Still, EU nations have mobilized billions of dollars in aid for Ukraine, as fighting with Russian forces stretched into a week.

The Presidents of eight EU states also called on the parliament to immediately grant Ukraine candidate country status, and begin negotiations for its formal entry into the EU, CNN reported.

Early peace talks were inconclusive

The first round of Ukraine-Russia talks took place this Monday, along the Belarusian border. But after five hours of negotiations, there was little headway made in reaching a deal. Still, delegations on both sides had expressed some optimism over reaching an eventual agreement.

Russia has faced increasing international pressure to withdraw its troops. The United States and its allies recently imposed some of the strictest sanctions seen yet against the country, which effectively isolate it from the global economy.

Russia-Ukraine conflict spurs crypto rush

Crypto usage has seen a massive spike in the wake of the Russian invasion. Ukrainian citizens were seen using crypto as electronic payments were suspended in the country, while a crash in the ruble saw Russian trading volumes spike. Ukraine is also soliciting aid through bitcoin and Ethereum- possibly the first government to do so. So far, donations have surpassed $20 million.

Russia’s use of crypto to potentially bypass sanctions has also been a major point of debate. But all the buzz around crypto has seen markets rally. Bitcoin has performed better than global stock markets for nearly a week.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn’t trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns.
You can reach him at [email protected]e.com

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button