Warning the European Union (EU) on confrontation with Russia, the country’s Foreign Ministry official said Friday that will are prepared to respond to the EU sanctions, per RIA.

Key quotes

“Russia will respond to EU sanctions.”

“Hopes the EU realizes that confrontation with Moscow is not in its interests.”

Russia threatened Thursday to cut off its gas supplies to Europe if the old continent fails to pay in roubles, as the war in Ukraine rages on.

Meanwhile, NATO and Kyiv warned that Russian troops were regrouping for new attacks.

Market reaction

EUR/USD is licking its wounds near 1.1070 after the big drop seen on Thursday. All eyes remain on the Eurozone inflation and US NFP releases.