Russia's ambassador to the US said on Wednesday, “Moscow perceives Washington's decision to send more military aid to Ukraine as "immediate threat" to Russia's strategic interests.

The ambassador added that “the decision increases the danger of a direct military clash between Russia and Western Allied countries.”

It’s worth noting that the European Union (EU) agreed to new sanctions on Russia, including the oil price cap, details of which will be released on Wednesday.

Market reaction

The Russian headlines have little to no impact on the market sentiment, with the US S&P 500 futures continuing its drop of around 0.50% so far this Wednesday. Meanwhile, the US dollar index is advancing 0.27% on the day to trade at 110.35.