UkraineM

Ambassador of Ukraine to Denmark visits Saxo


Saxo Group

Summary:  To show our support to Ukraine following the Russian invasion, we had the honour of welcoming the Ukrainian ambassador to Denmark, Mykhailo Vydoinyk. Watch the recording here. You can also read a version of Founder and CEO, Kim Fournais' letter to employees where he shared his thoughts on the conflict.

Following the Ambassador’s recommendation and to further support the brave people of Ukraine, we have donated EUR 250.000 to the official Ukrainian fundraising account for humanitarian assistance to Ukrainians affected by Russia’s aggression. We encourage you to donate as well. If you want to support this, you can do it here.

You can also donate to Red Cross here


Below, you can read a version of Saxo's Founder and CEO, Kim Fournais, to the Saxo employees about the bank's view on the situation.

Dear Saxonians,

The unprovoked invasion of Ukraine initiated by Putin has created an unreal and terrible situation for Ukraine and its brave people – and for Europe and the world.

How well Ukraine, its leadership and people have managed to keep the aggressive enemy away so far is truly admirable. We extend our full support and thoughts to the proud and courageous people of Ukraine. We all pray they will keep this strong resistance up - and that Putin will soon understand that this is the biggest mistake he ever made.

In the darkness of this terrible situation, it is nonetheless uplifting to see the global support for Ukraine and the help (and sanctions against Russia) that is being mobilised by the international community. 

In the Saxo Bank Group, we have quickly implemented all the new sanctions and last week we put all Russian-linked instruments on reduce-only, meaning clients could only sell existing positions. We of course condemn this completely crazy and aggressive act, where Putin has decided to invade a peaceful country and its innocent people. It is one man's ego against a people who believe in freedom and prosperity.

We all understand that this is an aggression that no (or very few) humans had conceived possible in Europe in 2022. One would have thought (or hoped), that all the wars and the unrests of the past provided enough learning and respect for each other, and not least the lives of innocent people. Unfortunately, this is not the case, and this is an attack on all free people with a very real risk that this could spread into a much bigger conflict. In Saxo, we will do what we can to help and assist our Saxonians and clients, and not least support Ukraine in these very difficult and uncertain times.

Many Saxonians have close family and friends who are impacted by this, and we do understand these are indeed difficult and very emotional times. Let us all try to support and comfort each other.

I want to make it clear too, that we see this aggression coming from Putin, and not the Russian people. This has nothing to do with the many skilled, dedicated, and fantastic people we have working for us in Saxo, nor Russians anywhere else. 

We do not believe in starting wars, but we do believe in protecting innocent people’s lives and fight for freedom, whenever that is needed. When feelings surface in times of unrest, it is more important than ever that we do not give in to the efforts by violent regimes trying to divide us. We need to look past what separates us from one another. Let us try to unite as people that believes in freedom, peace, and prosperity. 

This is not a war between Russia and Ukraine, this is a war started by Putin to the benefit of his ego and unrealistic and unethical dream of building a new empire, based on fear and terror, with everyone else being innocent victims to that.

Best,
Kim
 

Quarterly Outlook

01 /

  • Macro Outlook: The US rate cut cycle has begun

    Quarterly Outlook

    Macro Outlook: The US rate cut cycle has begun

    Peter Garnry

    Chief Investment Strategist

    The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c...
  • Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Quarterly Outlook

    Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges

    Althea Spinozzi

    Head of Fixed Income Strategy

  • Equity Outlook: Will lower rates lift all boats in equities?

    Quarterly Outlook

    Equity Outlook: Will lower rates lift all boats in equities?

    Peter Garnry

    Chief Investment Strategist

    After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto...
  • FX Outlook: USD in limbo amid political and policy jitters

    Quarterly Outlook

    FX Outlook: USD in limbo amid political and policy jitters

    Charu Chanana

    Chief Investment Strategist

    As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ...
  • Commodity Outlook: Gold and silver continue to shine bright

    Quarterly Outlook

    Commodity Outlook: Gold and silver continue to shine bright

    Ole Hansen

    Head of Commodity Strategy

  • FX: Risk-on currencies to surge against havens

    Quarterly Outlook

    FX: Risk-on currencies to surge against havens

    Charu Chanana

    Chief Investment Strategist

    Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo...
  • Equities: Are we blowing bubbles again

    Quarterly Outlook

    Equities: Are we blowing bubbles again

    Peter Garnry

    Chief Investment Strategist

    Explore key trends and opportunities in European equities and electrification theme as market dynami...
  • Macro: Sandcastle economics

    Quarterly Outlook

    Macro: Sandcastle economics

    Peter Garnry

    Chief Investment Strategist

    Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p...
  • Bonds: What to do until inflation stabilises

    Quarterly Outlook

    Bonds: What to do until inflation stabilises

    Althea Spinozzi

    Head of Fixed Income Strategy

    Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ...
  • Commodities: Energy and grains in focus as metals pause

    Quarterly Outlook

    Commodities: Energy and grains in focus as metals pause

    Ole Hansen

    Head of Commodity Strategy

    Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
Full disclaimer (https://www.home.saxo/legal/disclaimer/saxo-disclaimer)

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

Contact Saxo

Select region

International
International

Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.