Russia military says it is continuing set of drills involving almost all districts and navies, Interfax reports; some Western and Southern units are set to return to bases

• Military says a month of drills has now finished; troops expected to return to bases.


• "Units of the Southern and Western Military Districts, which have accomplished their missions, are boarding trains and trucks and will head for their garrisons later today. Some units will join military convoys and will perform self-propelled marches," Russian Defense Ministry spokesman Igor Konashenkov said.


• via IFX
  

Reaction details (08:15)

On the reports that some units are set to return to bases as drills have now concluded, we saw a broad-based improvement in risk sentiment. With equities lifting into modest positive territory after a relatively contained European cash open following similar APAC trade; alongside this, fixed-income and the USD eased off and pressure has been seen in WTI & Brent given an unwinding of some geopolitical premia.

Analysis details (08:15)

• This constructive update follows and perhaps serves to offset commentary from a US Official, via CBS News, overnight that Russian troops are leaving assembly points and moving to attack positions.


• For the session ahead, we are awaiting the outcome of a reported meeting between Russian President Putin and German Chancellor Scholz.

15 Feb 2022 - 08:04- EquitiesGeopolitical- Source: Newswires