Ukraine’s Presidential Adviser: War with Russia could be over by May

Dhwani Mehta FXStreet

Oleksiy Arestovich, an adviser to the Ukrainian President's Chief of Staff said late Monday, the Russia-Ukraine war is expected to end by early May, per Reuters.

The war would be over in May when Russia runs out of its resource to attack Ukraine, Arestovich added.

Separately, Marco Rubio, Vice-Chair of the US Senate Intelligence Committee, tweeted out,

“It’s possible that by the end of this month more Russian soldiers will have died in #Ukraine in 6 weeks than did over 10 years in Afghanistan.”

“There is verified evidence of a Russian troop morale crisis Of soldiers & pilots refusing orders There are certainly sadists among them But there are also many who are increasingly unwilling to murder civilians, especially in a country so close & culturally familiar to them.”

Market reaction

The market mood is improving after China’s activity numbers blowout, which helped cushion the losses in Chinese stocks.

The S&P 500 futures are gaining 0.34% on the day while the US dollar index is down 0.06%, as of writing.

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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