• Instead of de-escalating situation, Russia continues to escalate it
  • This can only lead to Russia’s further isolation

It’s also being reported by LiveSquawk that Putin had a conversation with Merkel and said that the aid convoy couldn’t wait any longer.

Reuters now carrying the headlines;

  • Putin tells MErkel That Russia could no longer wait so decided to send humanitarian convoy into Ukraine
  • Putin expresses serious concern over military escalation in Eastern Ukraine
  • Discusses with Merkel steps their countries could take to help achieve ceasefire in Ukraine as soon as possible

Yellen is being trumped by this latest news moderately, but US yields have fallen back to 2.42% and the dollar run is halted for the moment.