Russian Defence Ministry says Ukraine has violated the ceasefire

The claim by the Russian Defence Ministry that Ukraine has violated the ceasefire could signal a potential escalation in hostilities. This development is likely to increase risk aversion in the markets, prompting flows into safe-haven assets like gold and the yen, while potentially weighing on energy prices due to fears of supply disruptions. Traders should watch for market reactions in forex and commodities as tensions may drive volatility.