Russian navy ships blocking channel between Russia and Crimea

FXStreet (Łódź) - Russian navy ships blocking channel between Russia and Crimea

According to recent reports from the Ukranian border guards two Russian navy ships have blocked both ends of the Kerch Strait separating the Kerch Peninsula of Crimea from the Taman Peninsula of Russia.

Russian armored vehicles were also spotted on the Russian side of the channel.

On Monday Russian PM Dmitry Medvedev said that a bridge over the Kerch Strait would be built, on the basis of an earlier transit trade agreement between Russia and Ukraine.

Meanwhile, Russia agreed to hold talks with NATO officials on Wednesday, after Secretary General Anders Fogh Rasmussen said that the country´s intervention in Ukraine “violates the principles of the United Nations charter.”

Flash: USD/CAD risks to the downside - TDS

Strategists at TD Securities explained that the USD/CAD continues to consolidate from a short-term point of view with near term risks indicated to the downside.
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