|

Russia has failed to achieve its goals in Ukraine

Representatives from Ukraine and Russia meet daily, but Ukrainian President Volodymyr Zelenskyy accuses Russia of coming to the table with nonstarters on his country's independence.

Meanwhile, Russia has failed to achieve its goals in Ukraine, US National Security Adviser Jake Sullivan has said although warns that the war will not end “easily or rapidly”.

Sullivan said Russia has thus far manifestly failed to accomplish all three of its objectives which are subjugating Ukraine, enhancing Moscow’s power and prestige, and dividing the West. Sullivan said it has thus far achieved the opposite adding that “brave” Ukrainians have refused to submit to Russian forces.

“Although Russia may take more territory in these brutal military operations, it will never take the country away from the Ukrainian people.”

To the contrary, President Vladimir Putin recently stressed that the war was unfolding “successfully, in strict accordance with pre-approved plans”.

For the days ahead, US President Joe Biden will make his way to Brussels to attend an emergency NATO summit on Thursday. He will also meet with G7 leaders and address the European Union at a session of the European Council.

Additionally, Biden and other Western leaders are prepared to announce new economic sanctions on Russia this week, according to the White House. US Senators are going to discuss freezing Russia's gold with US Treasury Secretary, Janet Yellen.

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD drops to daily lows near 1.1630

EUR/USD now loses some traction and slips back to the area of daily lows around 1.1630 on the back of a mild bounce in the US Dollar. Fresh US data, including the September PCE inflation numbers and the latest read on December consumer sentiment, didn’t really move the needle, so the pair is still on course to finish the week with a respectable gain.

GBP/USD trims gains, recedes toward 1.3320

GBP/USD is struggling to keep its daily advance, coming under fresh pressure and retreating to the 1.3320 zone following a mild bullish attempt in the Greenback. Even though US consumer sentiment surprised to the upside, the US Dollar isn’t getting much love, as traders are far more interested in what the Fed will say next week.

Gold makes a U-turn, back to $4,200

Gold is now losing the grip and receding to the key $4,200 region per troy ounce following some signs of life in the Greenback and a marked bounce in US Treasury yields across the board. The positive outlook for the precious metal, however, remains underpinned by steady bets for extra easing by the Fed.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin is steadying above $91,000 at the time of writing on Friday. Ethereum remains above $3,100, reflecting positive sentiment ahead of the Federal Reserve's (Fed) monetary policy meeting on December 10.

Week ahead – Rate cut or market shock? The Fed decides

Fed rate cut widely expected; dot plot and overall meeting rhetoric also matter. Risk appetite is supported by Fed rate cut expectations; cryptos show signs of life. RBA, BoC and SNB also meet; chances of surprises are relatively low.

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.