Russia summons US ambassador, tells US that ties on the verge of being severed
|The Russian Foreign Ministry summoned the US ambassador on Monday and handed over a note of protest over "unacceptable" comments about Russian President Vladimir Putin by US President Joe Biden. Biden was recorded saying he thinks Putin is a war criminal last week, reported Reuters. Russia informed the US that ties are on the verge of being severed.
Market Reaction
The latest headlines didn't trigger much of a market reaction, but the downbeat nature of recent Russo-Ukraine/NATO updates suggests commodities like oil and precious metals, which are already firmly on the front foot on Monday, may remain well underpinned.
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