Russia Wants to Reset US Relations

Moscow called on Sunday for a new “reset 2.0” in relations with Washington, saying the situation in Ukraine that had led to Western sanctions against Russia was now improving thanks to Kremlin peace initiatives.

Washington and Brussels accuse Moscow of supporting a pro-Russian rebellion in eastern Ukraine and have imposed financial sanctions, which they have repeatedly tightened since Russia annexed Ukraine’s Crimea peninsula in March.

The conflict has brought relations between Moscow and the West to their lowest level since the end of the Cold War. U.S. President Barack Obama said last week that the sanctions could be lifted if Russia takes the path of peace and diplomacy.

In a television interview, Russian Foreign Minister Sergei Lavrov said it was time to repeat the “reset”, Washington’s name for an attempt to improve ties early in Obama’s presidency.

“We are absolutely interested in bringing the ties to normal but it was not us who destroyed them. Now they require what the American would probably call a ‘reset’,” Lavrov said, according to a transcript of the interview on his ministry’s website.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza