Russian Defence Ministry says Russian forces struck Ukrainian transport, energy and fuel infrastructure
Newsquawk Staff ·
Russian Defence Ministry says Russian forces struck Ukrainian transport, energy and fuel infrastructure.
What it means
The Russian Defence Ministry's announcement of strikes against Ukrainian infrastructure indicates a continuation of hostilities, potentially escalating tensions in the region. This could lead to increased volatility in energy prices, especially crude and natural gas, while also affecting forex markets, particularly for currencies like the USD and EUR. Traders should monitor for a possible risk-off sentiment as geopolitical tensions typically drive investors towards safe-haven assets like gold.
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