The war seems unabated. Ukraine President Volodymyr Zelenskyy claims Russia is planning a tactical shift to use more Iranian drones to keep pressure on Kyiv. Zelenskyy warned Ukrainians that there could be more restless nights as Russians have been angered by a recent missile strike in Makiivka. Russia claims 63 of its soldiers were killed in the strike while Ukraine claims casualty numbers were in the hundreds. Will this constant back and forth prolong the war? And how will it impact the global markets? ET NOW s Vikram Oza discusses all this and more with Maroof Raza, Consultant, and Strategic Affairs Expert; and José Torres, Senior Economist at Interactive Brokers; on this edition of India Tonight.
Russia Foreign Minister Sergey Lavrov warned anew Ukraine that it must demilitarize, threatening further military action and falsely accusing Kyiv and the West of fueling the war that started with Moscow s invasion.
Foreign Minister Dmytro Kuleba said that his government is aiming to have a peace summit by the end of February, preferably at the United Nations with Secretary-General António Guterres as a possible mediator.
After this winter, the region will have to refill gas reserves with little to no deliveries from Russia, intensifying competition for tankers of the fuel. Even with more facilities to import liquefied natural gas coming online, the market is expected to remain tight until 2026.