Ukraine war briefing: Russia to ‘intensify’ attacks on Kyiv after Moscow hit with mass drone strikes

Russia has announced plans to intensify attacks on Kyiv following a mass drone strike on Moscow. The strike, which occurred on the last day of Russia's parliamentary elections, resulted in at least two deaths and an oil refinery being set alight. This escalation in tensions could have significant implications for the global economy, particularly in terms of oil prices, which have already been affected by the ongoing conflict.

Why it matters

The escalation of attacks on Kyiv and the drone strikes on Moscow increase tensions and uncertainty. This could lead to a decrease in investor sentiment and a rise in safe-haven assets.

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