- Russian Prime Minister Dmitry Medvedev is leading a delegation of ministers to Crimea, becoming the most senior politician from his country to visit the province since its annexation.
- Medvedev's visit comes after four hours of talks between John Kerry and Russian Foreign Minister Sergei Lavrov yesterday rather predictably ended in deadlock.
- The U.S. appears to have given up on trying to reverse the annexation, although it's still trying to persuade Russia to wind down the massive build-up of troops on the border with Ukraine.
- The Micex is +0.9%, while the USD-RUB is -0.5% to 35.611 rubles.
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