Ukraine may use homegrown ballistic missiles against Russia in coming months

A Ukrainian defense minister has indicated that Ukraine may launch attacks on Russia using domestically produced ballistic missiles within the next few months. This development comes amid the ongoing conflict between Russia and Ukraine, which began with Russia’s full-scale invasion in 2022. The potential use of ballistic missiles by Ukraine signifies an escalation in military capabilities, as these weapons are typically used for deep, fast, and harder-to-intercept strikes. The conflict remains active, with no ceasefire in place and both sides continuing offensive operations. Key Takeaways The statement from the Ukrainian defense minister appears to suggest an escalation in Ukraine’s military capabilities, which may impact the dynamics of the ongoing conflict. Market pricing suggests that this development could decrease the likelihood of Russian forces entering certain Ukrainian cities, such as Sloviansk, by the end of 2026. The potential introduction of ballistic missiles by Ukraine is consistent with scenarios where increased military readiness could deter Russian advances. What to Watch Markets will be closely monitoring any further announcements from Ukrainian or Russian officia...