Merz sees no sign Russia is serious about a ceasefire as he and Zelenskyy call for Europe to help shape a peace deal

German Chancellor Friedrich Merz has stated that he sees no indication Russia is genuinely committed to a ceasefire. This lack of commitment is concerning as it suggests that Russia's stance on negotiations may not be sincere. The implications of this are significant for markets and trade, as ongoing conflict in Ukraine could lead to supply chain disruptions and economic instability. If Europe fails to play a role in shaping a lasting peace, the situation may worsen, affecting global markets and economies.

Why it matters

Russia's intentions are unclear, and Germany's Chancellor sees no sign of seriousness. A ceasefire would require a commitment from both sides, which is not evident yet.

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