Russian President Putin: Will take necessary steps to defend sovereignty

Dhwani Mehta FXStreet

Russian President Vladimir Putin said on Wednesday, “we are talking about defending territories and Russia.”

Additional comments

Russia is to take the necessary steps to defend its sovereignty.

Our aim is to liberate Donbas.

The west wants to destroy Russia.

Military operation goals remain the same.

The order on partial mobilization in Ukraine has been signed.

The mobilization events starts today.

Meanwhile, the TASS news agency reported that Putin has announced a partial military mobilization in Ukraine.

Market reaction

The shared currency came under fresh selling pressure, with EUR/USD now losing 0.31% on the day to trade at 0.9939.

Meanwhile, the S&P 500 futures remain modestly flat on the above comments from Putin. The US dollar index, however, catches a fresh safe-haven bid.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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