RUSSIAN DEFENCE MINISTRY: IF UKRAINE ATTEMPTS TO DISRUPT VICTORY DAY CELEBRATIONS, THERE WILL BE A MASSIVE RETALIATORY MISSILE STRIKE ON THE CENTRE OF KYIV - IFX

The Russian Defence Ministry has issued a warning that any attempts by Ukraine to disrupt Victory Day celebrations will result in a significant retaliatory missile strike on Kyiv. This escalation in rhetoric heightens geopolitical tensions and may influence risk appetite among investors, particularly in Eastern European markets. Assets most exposed include Ukrainian sovereign bonds and Russian equities, as heightened conflict risks typically lead to increased volatility and capital flight from these regions. Traders will be closely watching the situation as Victory Day approaches on May 9, 2023, which could serve as a critical catalyst for market movements.

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