Summary
- Russia's Defense Ministry said it would launch a massive missile attack on central Kyiv if the Victory Day events are disrupted.
- It said military tensions are rising as fighting between the two sides continues and the risk of clashes around Victory Day increases.
- Markets are focused on the impact that possible military clashes around Victory Day could have on geopolitical risk, as well as whether an actual attack occurs and the scale of the response.
Forecast Trend Report by Period
Russia said it would respond forcefully to any attempt to disrupt its Victory Day events, signaling heightened military tensions.
Interfax reported on May 4 that Russia's Defense Ministry said it would launch a massive missile attack on central Kyiv if Ukraine disrupts the Victory Day celebrations.
The remark was interpreted as a warning that military clashes could intensify during the Victory Day period.
Victory Day is one of Russia's main state events, marked each year on May 9 with ceremonies and a military parade.
With fighting between the two sides continuing, tensions are rising before and after the event.
Markets are watching how the possibility of military clashes around Victory Day could affect geopolitical risk. Whether an actual attack takes place and the scale of the response are seen as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
