Key insights
- Putin announced a two-day ceasefire for Orthodox Easter, expecting Ukraine to reciprocate. While a temporary de-escalation, the broader geopolitical tensions remain, posing a continued, albeit slightly lessened, risk to global markets and potentially impacting risk sentiment in US equities.
Investing.com -- Russian President Vladimir Putin declared a ceasefire for Orthodox Easter starting at 1600 on Saturday and lasting through Sunday, according to a Kremlin statement released on Thursday.
The announcement stated that the ceasefire will run from 1600 on April 11 through the end of April 12, coinciding with the Orthodox Easter holiday.
The Kremlin said it expects Ukraine to implement a matching ceasefire during the same period.
"We proceed on the basis that the Ukrainian side will follow the example of the Russian Federation," the Kremlin statement said.
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