U.S. Tightens Pressure on Russia with Deadline Reduction
The Russian MOEX index saw losses following U.S. President Donald Trump's decision to reduce a deadline for Russia to enforce a ceasefire in Ukraine. Trump's dissatisfaction with Russian President Vladimir Putin is evident, and he warns of possible sanctions, to which Moscow has responded with disapproval.
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The Russian stock market felt the sting of political tension as the MOEX index dropped by 1.2% on Monday, prompted by U.S. President Donald Trump's decision to shorten a deadline imposed on Russia. Trump's ultimatum seeks an immediate ceasefire in Ukraine, a move designed to exert pressure on Russian President Vladimir Putin.
Despite previous declarations, Trump refrained from specifying a new timeline, only expressing disappointment with Putin. This comes as a stark warning that the time for Moscow to act is dwindling before facing new sanctions.
The response from Russia's Foreign Ministry was defiant, criticizing the tactics of "ultimatums, blackmail, and threats." They warned that such approaches are considered mundane by Moscow, signaling a potential geopolitical standoff.
(With inputs from agencies.)
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