“There have been clear signs of a ‘pacification’ process recently,” it quotes Simon Quijano-Evans, chief emerging markets strategist at Commerzbank AG, as saying.
“It does look as though all sides are starting to push more markedly for resolutions to the current geopolitical mess.”
It also refers to German Finance Minister Wolfgang Schaeuble, who wrote in the newspaper Frankfurter Allgemeine Zeitung in Monday that the EU should forge closer ties with Russia to help resolve the civil war in Syria and reduce tension in the Middle East between Sunni and Shia Muslims.
Bloomberg, however, notes that despite the sanctions, “Russia was never fully excluded from international affairs”: for example, it played “a critical role in the talks that last July led to a deal on Iran’s nuclear program.”
