European defense stocks fell on Tuesday after U.S. President Donald Trump said negotiators were closer than ever to securing a peace deal for Ukraine.

Analysts have questioned whether the move will do much to shore up the region's competitiveness in the long run.

The war in Ukraine began nearly four years ago, when Russia invaded at the direction of its leader, Vladimir Putin.

Defense companies sold off Monday after Kyiv offered to drop its NATO ambitions during negotiations in Berlin.

The chocolate maker makes its products exclusively in its home country as "consumers want Swiss chocolates to be made in Switzerland."