Russia’s Foreign Ministry urged diplomats to take seriously the Defence Ministry’s earlier warning of a major strike in response to any Kyiv attacks on Moscow or disruptions to the May 9 Victory Day event.

Russia's Foreign Ministry has emphasized the seriousness of the Defence Ministry's warning regarding potential major strikes in retaliation for any Ukrainian attacks on Moscow or disruptions to the May 9 Victory Day celebrations. This development heightens geopolitical tensions, which can influence risk appetite among investors, leading to increased volatility in regional markets. The Russian ruble and Ukrainian hryvnia are particularly exposed, as currency fluctuations may arise from heightened conflict fears and capital flight. Traders will be closely watching for any developments or statements leading up to the May 9 event, as this could serve as a critical catalyst for market movements.

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