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All Eyes on Putin's Victory Day Speech as Ukraine Conflict Reaches Key Juncture

RUSSIA

LOCAL NEWS (1/2)

  • Today marks Russia’s May 9 Victory day parade – signifying the anniversary of the defeat of the Nazis in WWII. This marks a key juncture in Russia’s war in Ukraine as many analysts speculated Putin wanted to deliver significant results or potential victory by this date.
  • Additional concerns of full or partial mobilisation of the Russian population in a formal declaration of war to rotate tried troops and fortify supply lines are other theorised options for today.
  • A broadening of the conflict to mark the West and NATO as the wider enemy is also a concern, but uncertainty is high and markets will be watching closely for potential next steps and the scope of domestic support for the war in Ukraine.
  • Some analysts say, however, that Putin has sufficient grounds to declare a relative victory due to the establishment of the land bridge, broadening of separatist territories and “denazification” of the Azov battalion in Mariupol (although Azovstal steel plant is not fully defeated).
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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