- UK’s Truss: Very much expecting a full-scale Russian invasion of Ukraine
Market news
UK’s Truss: Very much expecting a full-scale Russian invasion of Ukraine
The UK Foreign Minister Liz Truss said in a statement on Wednesday, “we are very much expecting a full-scale Russian invasion of Ukraine.”
Additional comments
But we don't have full evidence yet that Putin has sent in troops.
If Putin escalates, the international community will escalate sanctions.
Nothing is off the table in terms of who we target with sanctions.
Meanwhile, BBC News is reporting that PM Boris Johnson may announce some additional military support for Ukraine, although nothing specific is known about the same.
“No 10 and Treasury calling in finance bosses and regulators later to talk about how to make sure sanctions are effective,” BBC News’ Laura Kuenssberg tweeted out.
Market reaction
The warnings by the UK’s Truss fail to dampen the market mood, which remains lifted at the time of writing, benefiting GBP/USD.
Cable is up 0.25% on the day, trading at 1.3617.
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