Russia's ambassador to US: Danger risen of a direct clash between Russia and West

Dhwani Mehta FXStreet

Russia's ambassador to the US said on Wednesday, “Moscow perceives Washington's decision to send more military aid to Ukraine as "immediate threat" to Russia's strategic interests.

The ambassador added that “the decision increases the danger of a direct military clash between Russia and Western Allied countries.”

It’s worth noting that the European Union (EU) agreed to new sanctions on Russia, including the oil price cap, details of which will be released on Wednesday.

Market reaction

The Russian headlines have little to no impact on the market sentiment, with the US S&P 500 futures continuing its drop of around 0.50% so far this Wednesday. Meanwhile, the US dollar index is advancing 0.27% on the day to trade at 110.35.

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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