GERMAN VICE CHANCELLOR LARS KLINGBEIL SAYS 'PEOPLE ARE DYING EVERY DAY' WITH ANOTHER INTENSIFICATION OF ATTACKS, AND THAT 'YOU CANNOT SIMPLY RETURN TO NORMALITY', ADDING THAT HE SEES 'ABSOLUTELY NO NORMALIZATION OR EASING OF THE SITUATION' AND THAT RUSSIA ALONE BEARS RESPONSIBILITY FOR BRINGING THE WAR TO AN END — 'NOT RUSSIA AND UKRAINE'.

German Vice Chancellor Lars Klingbeil stated that daily casualties continue amidst intensified attacks, asserting that a return to normalcy is impossible and that no normalization or easing is in sight. This rhetoric signals a sustained geopolitical risk premium, impacting markets sensitive to prolonged conflict. European energy prices and defense sector equities are particularly exposed due to the ongoing conflict's direct and indirect effects on supply chains and security concerns. Traders will be closely watching further escalation of hostilities or significant shifts in diplomatic efforts for directional cues.

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