Russia has said talks with the US and Nato in Geneva and Brussels have failed to address its security grievances, casting doubt over whether a western diplomatic push will defuse Moscow’s threat of military action against Ukraine.
Dmitry Peskov, spokesperson of Russian president Vladimir Putin, said this week’s talks had been “unsuccessful” despite “positive elements” on issues Moscow did not consider central to its demands. “That’s bad,” he added.
He said Russia would have the “political will” to continue talks if the west was willing to negotiate on rolling back Nato’s expansion.
Sergei Ryabkov, deputy foreign minister and Russia’s lead negotiator in the talks with the US this week, said discussions outlining Moscow’s grievances had run into a “dead end” because the US and its allies were only willing to consider issues such as arms control and force deployments, rather than the Kremlin’s main requests.
“I don’t see any grounds to sit down [again] in the next few days,” he told television channel RTVI.
The gloomy comments weighed on Russian and Ukrainian assets, with falls across bond, currency and equity markets.
The Russian rouble fell nearly 3 per cent to trade close to a nine-month low of Rbs76.5 against the US dollar. Russia’s 10-year government bond fell by about 1.8 per cent to hit its lowest price since March 2020, pushing the yield higher than 9 per cent, while the Moex, Russia’s benchmark stock index, slid 4.1 per cent in the worst day since April 2020
The Ukrainian hryvnia also sank to its weakest level against the dollar since April after a 0.5 per cent fall.
Russia has massed about 100,000 troops on Ukraine’s border in recent months and threatened “the most unpredictable and grave…
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