Russian President Putin tells Russia’s Security Council that Russia’s ties with Europe are in crisis, "it’s not our fault"

Putin's remarks underscore a pronounced deterioration in Russia's relationship with Europe, which may heighten tensions and uncertainty in the region. This development could lead to market volatility as geopolitical risks often translate into fluctuations in currencies like the EUR and JPY, and possibly impact commodities, particularly energy. Traders should watch for potential safe-haven flows into the USD and gold as this situation unfolds.