Russia: We Will Withdraw Troops From Ukraine Border

Bloomberg News reports:

Russia said it will begin pulling thousands of troops back from areas near the Ukrainian border starting Friday, in a step that could calm strains with the West that have surged in recent weeks. Ukrainian President Volodymyr Zelenskiy welcomed the move, saying in a tweet it “reduces tension.”

The ruble gained as much as 1.4% against the dollar and the cost of insuring Russian debt against default fell the most in 10 months after the news. The Russian currency had slipped amid fears the conflict could bring new Western sanctions. Ukraine’s hryvnia rose to the highest level since April 14.

Read the full article. Earlier this week EU officials reported that around 150,000 Russia troops were positioned at Ukraine’s border and in Crimea.