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21 Feb 2014
Flash: EU imposes sanctions on Ukraine - Danske Bank
FXStreet (Barcelona) - Jens Nærvig Pedersen, Analyst at Danske Bank notes that the EU imposed sanctions on Ukraine yesterday as the violence escalated further.
Key Quotes
“The EU has frozen assets belonging to Ukrainian officials and will deny them travel visa. Furthermore, it has suspended Ukraine export licences for equipment such as riot gear used for internal repression. The US is apparently also considering sanctions against Ukraine.”
“This morning S&P cut Ukraine’s rating to CCC from CCC+ and kept the outlook negative, citing among other things the deterioration of the political situation. Although the rouble and the CEE currencies stabilised yesterday, the risk of a new sell off remains high as tensions in Ukraine continue to mount.”
Key Quotes
“The EU has frozen assets belonging to Ukrainian officials and will deny them travel visa. Furthermore, it has suspended Ukraine export licences for equipment such as riot gear used for internal repression. The US is apparently also considering sanctions against Ukraine.”
“This morning S&P cut Ukraine’s rating to CCC from CCC+ and kept the outlook negative, citing among other things the deterioration of the political situation. Although the rouble and the CEE currencies stabilised yesterday, the risk of a new sell off remains high as tensions in Ukraine continue to mount.”