Following on
May 27
WaPo: "Ukrainian volunteer fighters in the east feel abandoned"
NYT May 20
Whoa: There Appears To Be A New U.S. Plan For Ukraine
Telegraph, flagged by Ms Kaminska "Henry Kissinger: Ukraine must give Russia territory"
And now President Biden (we waited a day for the White House to walk it back but they didn't) via the New York Post, June 3:
President Biden on Friday declined to rule out Ukraine having to cede part of its territory to Russia in order to end Moscow’s more than three-month-old invasion.
“Does Ukraine have to cede territory to achieve peace?” a reporter asked Biden after his remarks on the May jobs report.
“From the beginning, I’ve said and I’ve been — not everyone’s agreed with me — nothing about Ukraine without Ukraine,” Biden began his answer. “It’s their territory. I’m not going to tell them what they should and shouldn’t do.
“But it appears to me that at some point along the line, there’s going to have to be a negotiated settlement here,” the president added. “And what that entails, I don’t know. I don’t think anybody knows at the time. But in the meantime, we’re gonna continue to put the Ukrainians in a position where they can defend themselves.”...
....MUCH MORE
From the investing point of view all I can say is to repeat the outro from May 22's Ukraine: "Italy Circulates 4-Point Peace Plan":
President Zelensky has done some bluster and bluff and Poland's President Duda wouldn't like it but if the U.S. and the rest of NATO say take the deal. Ukraine won't have much choice.
If interested see also Friday's: "Whoa: There Appears To Be A New U.S. Plan For Ukraine"
Tight stops on equity shorts and hydrocarbon longs.
