Author: Mr.Amar – Technical Analyst

As a result of today’s referendum, Belarus will relinquish its non-nuclear and neutral status and allow Russia to station nuclear weapons on its territory. The agencies quoted the Central Electoral Commission of Belarus as saying that 65.2% of participants voted in favor. follows news from Sunday in which Russian President Vladimir Putin dramatically escalated tensions between East and West by ordering Russia’s nuclear forces to be placed on high alert. get the markets excited at the start of the week.

Ukraine said it will soon hold talks with Russia on its border with Belarus near the Chernobyl Exclusion Zone after President Volodymyr Zelenskyy and Belarusian leader Alexander Lukashenko spoke on the phone. The politicians agreed that the Ukrainian delegation would meet the Russian without any preconditions at the Ukrainian-Belarusian border, near the Pripyat River. Zelinsky said he would not hold talks with Russia on the territory of Belarus, where some Russian troops were stationed before invading Ukraine’s northern border. Nevertheless, according to Lukashenko, all planes, helicopters, and missiles stationed on Belarusian territory remain grounded during the trip, negotiations, and return of the Ukrainian delegation.

Another point is that the Central Bank of Russia announced a large number of measures on Sunday to support national markets as they administered the consequences of hard sanctions during the weekend in the midst of the invasion of Moscow Ukraine. The central bank said it would resume the purchase of gold on the domestic market, it would start an unlimited repurchase auction, and facilitate the limitation of open foreign currency positions of banks.