Russia to hold equipment-free Red Square parade as Ukraine war grinds on-scmp

Russia's decision to hold an equipment-free parade in Red Square amid the ongoing conflict in Ukraine highlights the Kremlin's focus on domestic morale rather than military display. This development may affect risk appetite among investors, as it signals a prolonged engagement in the Ukraine war, potentially leading to continued geopolitical tensions. Markets most exposed include Russian equities and bonds, which could face increased volatility due to heightened uncertainty surrounding the conflict's duration and its economic implications. Traders will be particularly attentive to any upcoming statements from the Russian government regarding military strategy or peace negotiations, as these could significantly influence market sentiment.

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