Ukranian tensions continue and expand - Danske Bank

FXStreet (Barcelona) - Lars Christensen, Chief Analyst at Danske Bank comments that nervousness about a further escalation of the Ukrainian-Russian situation increased on Sunday as NATO’s Supreme Allied Commander for Europe, US Air Force General Philip Breedlove in a speech at the German Marshall Fund said that Russian forces on the Ukrainian border are ‘very, very sizable’ and ‘very, very ready’.

Key Quotes

“Breedlove further said that the Russian forces were ‘absolutely sufficient’ to run to Transdniestria. Transdniestria is a breakaway republic from Moldova, which is unrecognised by the United Nations.”

“Also over the weekend, Ukrainian foreign minister Andrii Deshchytsia said that the risk of outright war with Russia was growing.”

“Broader geopolitical tensions have also r