The Russian Foreign Ministry said on Wednesday, “operation’s aims do not include overthrowing Ukrainian government. “

The Ministry said: “It would be better if our goals in Ukraine are achieved through talks.”

Earlier on, RIA Novosti reported, citing the Russian Foreign Ministry, “The response to Western sanctions will be sensitive and precise.”

This comes a day of the peace talks arranged between the Russian and Ukrainian foreign ministers in Turkey.

Market reaction

Risk-recovery remains the key theme across the market so far this Wednesday, following days of intense risk-off sentiment amid escalating Russia-Ukraine conflict.

S&P 500 futures, the risk barometer, is rallying 1.70% on the day while the US dollar index sheds 0.43%, thus far.