Putin Talks With German Chancellor, Breaking Ice With the West

Published On Nov 15, 2024, 10:41 AM

German Chancellor Olaf Scholz and Russian President Vladimir Putin had a significant phone call discussing the ongoing war in Ukraine. This was their first direct communication in nearly two years. Scholz condemned Russia's war efforts, stating they have not met any of their goals since the invasion began over 1,000 days ago. He also labeled the potential involvement of North Korean troops as a serious escalation. Despite the criticism, the call may signal an increase in dialogue between the West and Russia, particularly in light of recent changes in U.S. political leadership and attitudes towards Ukraine.

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Increased dialogue between Western leaders and Russia could lead to more stable geopolitical conditions, potentially easing tensions in the market and impacting energy prices positively. However, ongoing military engagement and the involvement of North Korea pose risks for volatility. Investor sentiment towards energy and defense sectors may fluctuate based on the outcomes of these discussions.

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