CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

World / Europe

Kyiv says talks may restart Friday; Oil Tumbles

Published: 31 Mar 2022 - 11:52 am | Last Updated: 31 Mar 2022 - 11:54 am
Peninsula

Bloomberg

Officials from Russia and Ukraine are set to resume talks via video conference on Friday, said Ukrainian negotiator David Arakhamiya. There was no immediate confirmation from Moscow.

The discussions would follow in-person talks this week in Turkey which didn’t produce a short-term cease-fire or major progress toward a broader peace deal. Arakhamiya said on his Telegram channel that the hope was to have enough agreed on paper in another week to be able to move toward a meeting between President Vladimir Putin and President Volodymyr Zelenskiy.

The White House is looking to combat inflation and fuel shortages resulting from the war by releasing roughly a million barrels of oil a day from U.S. reserves, people familiar with the matter said. Oil dropped sharply on signs the U.S. was considering the release; European stocks and U.S. index futures were higher.