Ukraine war briefing: Kyiv targets Russian-occupied Crimea as UK and France conduct joint military exercise

Ukraine has launched a drone attack on Russian-occupied Crimea, causing water and power cuts in the region. This escalation of the war comes as the UK and France are conducting a joint military exercise, designed to demonstrate how Nato countries could be defended against potential Russian aggression. The exercise aims to show a united front against Russia's actions, highlighting concerns about Moscow's intentions and the need for collective defense among Nato allies. The situation remains tense, with both sides engaged in a high-stakes game of military posturing.

Why it matters

The escalation of the Ukraine war and joint military exercises by the UK and France increase tensions, potentially affecting investor sentiment. This could lead to a decrease in risk appetite and a shift towards safe-haven assets.

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