Russia President Putin says he is willing to provide USD 1bln for the Board of Peace from frozen Russian assets

Russia President Putin says he is willing to provide USD 1bln for the Board of Peace from frozen Russian assets.

President Putin's willingness to allocate USD 1 billion from frozen Russian assets for a "Board of Peace" signals an intent to engage diplomatically and may affect geopolitical tensions. This could lead to short-term volatility in forex and commodities markets, particularly impacting currencies and assets perceived as safe havens, such as the USD and gold. Traders should monitor reactions in risk assets as markets digest the implications of this gesture.