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⚔️ war

Kherson braces for renewed fighting as localised truce ends

a very large building that has been destroyed
Photo by Jade Koroliuk on Unsplash

A localised ceasefire between Russia and Ukraine in the Kherson region has ended after six days. Moscow and Kyiv continue strikes elsewhere. No violations were reported in the Kherson region during the six-day truce.

📊 What it means for markets

Escalation in the Russia-Ukraine war may increase demand for safe-haven assets such as gold and the US dollar, and may add pressure to oil and European energy prices. This localised development is unlikely to have a notable direct effect on markets.

Source: Al Jazeera

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