Mayor of Kyiv: City has entered into a defensive phase
|The Mayor of Kyiv Vitali Klitscho on Friday said that the city had entered into a defensive phase, according to Reuters. Russian press citing Russia's Defense Ministry subsequently reported that the Russian military has blocked off the city of Kyiv from the West. The Russian Defense Ministry reiterated its statement that it will not strike residential areas of Kyiv.
Market Reaction
The latest news has not triggered a market reaction, with most market participants likely of the view that sooner or later the Russian military will capture Ukraine's capital Kyiv given their far superior firepower versus the Ukrainian military. The major focus right now is on a potential further round of sanctions from the US and EU, which officials there have said remains a distinct possibility.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.