Russian missile strikes on Kyiv killed nine people, according to the New York Times. The attacks occurred days after former US President Donald Trump withdrew his pledge to support Ukraine’s air defense systems. This decision exposes vulnerabilities in Ukraine’s defense capabilities and may affect market expectations regarding the conflict’s trajectory. Financial actors are pricing in a 27.5% probability of a direct NATO-Russia clash by December 31, 2026. NATO may be pressured to increase military support for Ukraine in response to this escalation.
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