The United States is supporting the opening of talks between Russia and possibly resuming relations with the country through NATO, giving hope in the long-term for their exchange traded fund (ETF).
Moscow has continued to occupy the Georgian territories of South Ossetia and Abkhazia, giving way to Germany allowing work to be done on preparing Ukraine and Georgia for NATO membership, reports Steven Erlanger for The United Herald Tribune. The European Union has been making attempts to enter into a strategic partnership with Moscow.
NATO, or the North Atlantic Treaty Organization, is headquartered in Brussels, Belgium, and is a military alliance that allows a system of collective defense among its members. In response to membership, the member countries agree to mutual defense in response to an attack from an outside party.
Secretary of State Condoleezza Rice had stated there is no objection in principle by opening low-level NATO talks with Russia, however, there are reasons to be attentive to what Russia is doing and that they are living under obligations. It’s often been said that Russia needs to play nicer with other countries if it truly wants to compete among the world’s largest economies.
- Market Vectors Russia (RSX): down 73.5% year-to-date
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.