Ukraine Defense Minister: Latest intelligence report shows no evidence of Russian withdrawal

Joel Frank Independent Analyst

The latest Ukrainian intelligence report on Wednesday showed no evidence of any withdrawal of Russian troops from near Ukraine's border, Ukrainian Defence Minister Oleksii Reznikov told Reuters. Russian and separatist forces amassed at Ukraine's borders continue to amount to about 140,000, he added. This week's massive cyber-attack did not damage Ukraine's Defence Command Control system, Reznikov added.

Market Reaction

There has not been any notable market reaction to the latest comments, but they do add to the broad skepticism shared by Western leaders, government officials and intelligence officials of Russia's alleged withdrawal. Recall that on Tuesday, Russian officials said that the country would partially pull back troops from Ukraine's borders following the completion of military exercises.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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