Ukraine President Zelensky says State of Emergency will be declared for the energy sector after Russian strikes;
Newsquawk Staff ·
- Ukraine will significantly increase volume of electricity imports
What it means
Zelensky's announcement of a state of emergency in Ukraine's energy sector is a response to escalating Russian attacks, which suggests heightened geopolitical tensions. This is likely to impact energy and commodity prices, particularly for oil and gas, as market participants may react to supply concerns and potential disruptions. Watching for movements in safe-haven assets and the overall risk sentiment is crucial as developments unfold.
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