The European Council has released that Statement of the heads of state or government, meeting in Versailles held on March 10, concerning the Russian military aggression against Ukraine.
Key takeaways
“The European Council acknowledged the European aspirations and the European choice of Ukraine, as stated in the Association Agreement.”
“On 28 February 2022, exercising the right of Ukraine to choose its own destiny, the President of Ukraine submitted the application of Ukraine to become a member of the European Union.”
“The Council has acted swiftly and invited the Commission to submit its opinion on this application in accordance with the relevant provisions of the Treaties.”
“Pending this and without delay, we will further strengthen our bonds and deepen our partnership to support Ukraine in pursuing its European path. Ukraine belongs to our European family.”
Market reaction
EUR/USD was last seen trading around 1.1000, up 0.10% on the day. The pair witnessed good two-way businesses on a surprise hawkish take by the ECB.