- Russian Pres. Putin announces a Special Military Operation
Market news
Russian Pres. Putin announces a Special Military Operation
In a national address on Thursday, Russia’s President Vladimir Putin authorized a special military operation in Donbas.
Key quotes
We decided to launch a special military action.
Aimed at demilitarisation and denazification of Ukraine.
Clashes between Russian and Ukrainian soldiers are unavoidable ... only a matter of time.
In case of foreign interference, Russia will react immediately.
Russia cannot tolerate threats coming from Ukraine.
Circumstances demand decisive action from Russia.
Further NATO expansion and its use of Ukraine’s territory unacceptable.
Meanwhile, there are reports doing the rounds of explosions in Kiew and other Ukrainian cities.
Market reaction
The risk sentiment is getting battered on the above headlines, driving gold price beyond $1,920 and the US dollar index closer to the 96.50 barrier.
Risk-sensitive assets such as AUD/USD and S&P 500 futures are losing further ground, as tensions escalate over the Russia-Ukraine conflict.
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