Markets danced as Russia pulled out

2022-07-15 0 By

The Russian Defense Ministry announced Tuesday that Russian troops that had been deployed near the Ukrainian border for weeks had begun returning to their posts.Earlier, Russia’s foreign minister also revealed that a joint military exercise with Belarus has ended and its soldiers have started to withdraw.Video released shows Russian tanks and heavy equipment moving away from positions on the Ukrainian border.Earlier, Russian President Vladimir Putin and Foreign Minister Sergei Lavrov also agreed in a televised meeting to continue diplomatic contacts.European stocks, U.S. stock futures and high-yielding currencies rallied on the news.However, Russia has released a new draft law that would recognize the so-called “republics” created from eastern Ukraine after it split in 2014 following a Russian offensive against the country.