Russian Defence Minister on Europe's plans to increase drone supplies to Ukraine, says such actions are dragging these countries into war with Russia at an ever-faster pace

The comments from Russia's Defence Minister signal a heightened level of tension regarding Europe's military support for Ukraine, suggesting that such actions could escalate the conflict further. This implies potential volatility in energy and commodity markets, as concerns grow about a broader conflict impacting supply chains and geopolitical stability. Traders should watch for shifts in risk sentiment, particularly in currencies like the EUR and GBP, as well as in gold and energy prices.