EAVEX Weekly

April 26, 2021

On the domestic stock market last week, Ukrainian equities were mostly higher, leading to a gain in the UX index by 2.2% to 1836 points. Local traders cheered information that that Russian troops are beginning to pull back from positions in Crimea and along the Russian border with Ukraine. Russian Defense Minister Sergey Shoigu said that military exercises involving troops along the border with Ukraine are over and that they will return to their permanent bases by May 1. Nevertheless, US diplomatic officials urged the Kremlin to do more to reduce tensions between two countries amid talk of a possible summit meeting between Presidents Biden and Putin in June.