NewsWorldRussia-Ukraine talks to resume on Monday, negotiator says

Russia-Ukraine talks to resume on Monday, negotiator says

Russia and Ukraine will hold a third round of talks on Monday about ending hostilities, Ukrainian negotiator David Arakhamiya said in a Facebook post on Saturday, without providing further details.

On Thursday, the sides agreed to open humanitarian corridors to allow civilians out of some combat zones, although there have been delays in implementing them.

At the same time, Russian families rushed to spend their fast-depreciating roubles at western retailers which are fast exiting the crisis-hit country.

Russians are bracing for an uncertain future of spiraling inflation, economic hardship and an even sharper squeeze on imported goods.

The rouble has lost a third of its value this week after unprecedented Western sanctions were imposed to punish Russia for invading Ukraine.

The moves froze much of the central bank’s $640 billion in reserves and barred several banks from global payments system SWIFT, leaving the rouble in free-fall.

Cities across Russia were outwardly calm, with little sign of the crisis devastating financial sector and markets. Except for the lines of people looking to stock up on products – mostly high-end items and hardware – before shelves empty or prices climb further.

(Reuters)

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