EAVEX Weekly

July 23, 2018

Locally traded Ukrainian equities enjoyed substantial gains last week with a dry domestic news flow having no impact on market participant activity. A highly publicized meeting between US President Trump and Russian President Putin on Jul 16 did not produce any public information regarding their positions on the Ukraine issue. However, the Russian side spread a rumor that Trump is considering a Russian proposal that would allow pro-Russian separatist Ukrainian territories to hold referendums to decide their fate. This would mark a significant change from the stated position of the US, which fully backs the Minsk peace process to resolve the conflict.