No progress came out of the meeting of Foreign Ministers in Antalya, the highest level since the war began between Russia and Ukraine, to end the war or achieve a ceasefire. The statements of the Ukrainian Foreign Minister Kuleba at the critical summit show that if Russia cannot achieve its goals at the table, it will continue its attacks and aim to bring Ukraine to the point where it makes full concessions under the conditions it wants.
If we take a look at the demands of the Russian wing;
· Ukraine's disarmament and neutrality
· Refusal to join NATO
· Official recognition of the de-facto status of Crimea and Donbas (de-jure separation of these regions from Ukraine)
Ukraine's demands are;
· Ceasefire
· Improvement of the humanitarian situation in besieged cities (creation of humanitarian corridors)
· Withdrawal of Russian forces from the country
The news that Zelensky was considering making concessions to end the war, and that he would not insist on joining NATO, formed the basis for the relief in the markets and oil prices. However, although it is observed that it is far from a permanent peaceful solution, there are deep divergences regarding the return of the parties to the positions before 2022 or 2014. Therefore, in line with the already low expectations from the first Antalya meeting, it seems that no results were obtained and no progress was made. Negotiations between the parties will continue.
In price easings, it is necessary to read the market movements within the framework of both the general commodity group and risk perception. Ukraine's declaration that it is open to discussing Russia's demand for neutrality as long as security guarantees are given to it, but that it will not surrender a "one-inch" piece of land, and that the Antalya talks do not point to a solution, indicates that uncertainty will remain at the moment. We see that a risk perception factor, which will be shaped by the news about the continuity of price movements, is still the main item.
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