Australia, New Zealand condemn Putin threats as “unthinkable”

Anil Panchal FXStreet

Australia and New Zealand condemned Russian President Vladimir Putin's escalation of the war in Ukraine, saying his threats to use nuclear weapons to defend Russia were "unthinkable" and exposed his justification for the war as untrue, reported Reuters early Thursday.

The news quotes Australia's Foreign Affairs Minister Penny Wong and New Zealand's Prime Minister Jacinda Ardern to highlight the matter.

Key quotes

‘These threats are unthinkable and they are irresponsible. His claims of defending Russia's territorial integrity are untrue. No sham referendum will make them true,’ Australia's Foreign Affairs Minister Penny Wong said in New York, where she is attending the United Nations General Assembly.

‘Russia alone is responsible for this illegal and immoral war, and peace must first lie with Russia withdrawing from Ukrainian territory,’ she added.

New Zealand's Prime Minister Jacinda Ardern strongly condemned Russia's escalation, saying Putin's claim he could use additional weapons ‘flies in the face of the lie that they have told that they are there to liberate others’.

‘This highlights the falsehood around this war,’ NZ PM Ardern told media in New York, where she is attending the United Nations General Assembly.

‘What is happening in Ukraine is illegal, it's immoral, it's causing the loss of civilian life and that loss could extend if, as Putin has claimed, he broadens the types of weapons he uses in this war,’ Ardern added.

Market reaction

The news magnified the market’s risk-off mood and drowned the prices of the risk-barometer pair AUD/USD. That said, the quote drops to the fresh two-year low near 0.6600 by the press time.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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