Russian President Putin says Russia will continue to develop missile systems capable of overcoming all current and future missile defence systems; will continue to modernise and develop its strategic nuclear forces, TASS reports

Putin's statement underscores Russia's commitment to enhancing its military capabilities, particularly its missile systems.

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This could heighten geopolitical tensions and may impact risk sentiment, potentially driving investors towards safe-haven assets like gold and the JPY, while pressuring currencies like the EUR and GBP due to increased uncertainty in Europe.

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