BREAKING: US-Ukraine Raw Materials Deal Collapses Amid Tensions. EURUSD and US100 lower

19:41 28 February 2025

Talks between President Trump, Vice President Vance, and Ukrainian President Zelensky today ended in disarray, with Zelensky walking out and a joint press conference canceled. The meeting was reportedly acrimonious, with Trump accusing Ukraine of ingratitude for US aid. Trump also stated his desire for a deal, warning Zelensky he could leave if an agreement was not reached.

In a subsequent statement, Trump asserted that Zelensky was "not ready for peace" and that US support was giving him an advantage. He hinted at a possible reduction in US involvement, while also indicating that Zelensky could return to negotiations if he was "ready for peace." Zelensky was likely seeking a raw materials agreement while also expecting US military support, rather than a path towards a disadvantageous peace with Russia.

The breakdown in talks has triggered sharp declines in EURUSD and US stock indices.

 

Source: xStation5

 

US100 is seeing the biggest decline since September 2024. Source: xStation5

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