Russia intensifies air campaign on Kyiv amid stalled ceasefire talks

Russia’s sustained military strikes on Kyiv and its surrounding areas have entered their sixth consecutive day, creating a significant psychological impact on residents who are contemplating leaving the capital. This escalation in military activity is part of Russia’s ongoing conflict with Ukraine, which began in February 2022. The continuous attacks highlight an intensified air campaign focusing on Ukraine’s capital, indicating increased pressure on civilian morale and infrastructure. These developments come as diplomatic efforts for a ceasefire remain at a standstill, with no significant progress made towards halting the ongoing conflict. Key Takeaways Markets suggest that the continuous strikes on Kyiv are consistent with scenarios where Russian forces could advance into other Ukrainian cities, such as Sloviansk. The uninterrupted military aggression appears to influence market perceptions, increasing the likelihood of Russian territorial gains in Ukraine. Current pricing indicates a heightened probability of Russian forces entering cities like Dopropillia, with markets showing supportive pricing for a YES outcome. What to Watch Watch for any official Russian announcements of mi...