President of the Ukraine Volodymyr Zelenskyy announced on Tuesday that Ukraine would be immediately implementing a proposed ceasefire that would see both Ukraine and Russia stop targeting energy infrastructure as Vladimir Putin pushes on with his three-day invasion of Ukraine which has stretched into 1,125 days and still counting. The interim peace deal, which is being spearheaded by US delegates sent by US President Donald Trump, still lacks specific terms for what will happen if Russia violates the terms, and the Russian Kremlin is stressing that the limited ceasefire only has a lifespan of 30 days, and have arbitrarily chosen a start date of March 18.
Key highlights
Zelenskyy: Ukraine to implement partial ceasefire now.
Zelenskyy: Ukraine’s understanding is that the agreed ceasefire is effective immediately following the US announcement.
Zelenskyy: The agreement does not specify actions if Russia breaks ceasefire, Ukraine will appeal to the US directly in such a case.
Zelenskyy: I will ask Trump for weapons and new russian sanctions if Moscow breaks the ceasefire.
Kremlin: Russia and the US are to discuss energy ceasefire implementation.
Kremlin: Russia and the US have agreed to develop measures to halt strikes on Russian and Ukrainian energy facilities for a period of 30 days starting from March 18.
Kremlin: Russia confirms that Moscow has agreed to ensure safe navigation in Black Sea.
Kremlin: Black Sea deal to start after some sanctions lifted.
White House: The US and Russia agree on safe navigation in the Black Sea.
White House: The US and Russia agree to implement a ban on striking energy facilities.
White House: We're working with Russia toward durable and lasting peace.
White House: The US and Russia agreed to measures to implement the agreement to ban strikes against energy facilities in Russia and Ukraine.
White House: The US will continue facilitating negotiations between both sides.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD recovers to near 0.6300 as US Dollar retreats
AUD/USD has trimmed losses to trade near 0.6300 in Thursday's Asian session. The US Dollar sees a sharp pullback from three-week highs after US President Trump announced some tariff exemptions on auto part imports, supporting the pair. However, buyers remain caution amid fears of global trade war escalation.
USD/JPY drops to test 150.00, tracks US Dollar pull
USD/JPY is dropping to test 150.00 in the Asian session on Thursday. The pair meets fresh supply in tandem with the US Dollar on US President Trump's latest tariff exemption announcement. Further, hawkish BoJ bets and the risk-off impulse also underpin the safe-haven Japanese Yen, aiding the latest leg down
Gold price sticks to positive bias above $3,000 on safe-haven demand
Gold price ticks higher in the Asian session on Thursday as worries about Trump's tariff plans continue to benefit the safe-haven bullion. This combined with a fresh US Dollar selliing from a three-week high add to Gold price upside. Traders now look to tariff updates and Friday's US PCE data for further impetus.
Stablecoin mania kicks off as Wyoming and Fidelity join the race
According to Governor Mark Gordon, the state of Wyoming has joined the race for a stablecoin, following plans to launch WYST, a US Dollar-backed token in July. WYST will be fully backed by US Treasuries, cash, and repurchase agreements, with a capitalization requirement of at least 102%.
Sticky UK services inflation shows signs of tax hike impact
There are tentative signs that the forthcoming rise in employer National Insurance is having an impact on service sector inflation, which came in a tad higher than expected in February. It should still fall back in the second quarter, though, keeping the Bank of England on track for three further rate cuts this year.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.