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Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine.
A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an agreement with the West on Ukraine, but stressed that the response of the European Union and NATO to the Russian demands was not satisfactory.
Most recently, the Russian government did not respond to the request to meet in Ukraine, and the United States warned of an imminent attack from the Russian side.
Oil prices stabilized on Monday in volatile trade after hitting their highest levels in more than seven years on fears that a possible Russian invasion of Ukraine would lead to US and European sanctions that would disrupt exports from one of the world’s largest producers.
Brent crude was down 11 cents, or 0.1 percent, at $94.33 a barrel by 0910 GMT, after hitting a peak of $96.16 earlier, its highest since October 2014.
Gold prices fell on Monday, with the rise of the US dollar, but fears of conflict between Russia and Ukraine limited losses for the metal, which is considered a safe haven and kept palladium investors in a state of anxiety.
And the price of gold in spot transactions fell 0.2 percent to $ 1855.86 an ounce. On Friday, prices recorded the largest gains since mid-October and reached the highest level since November 19 at $ 1865.15.
