The Ukraine war makes Russia more of a strategic burden for China
“Senior Pentagon Official: The Ukraine war makes Russia more of a strategic burden for China,” an anonymous official from Pentagon said late Thursday, per Reuters.
On the same line were comments from another US official, whose name wasn’t revealed in Reuters’ piece, mentioned, “Russia will emerge from Ukraine conflict weaker militarily and politically.”
The diplomat also added, “The Pentagon’s new strategy will describe Russia as an ‘acute threat’ but one that cannot pose long-term systemic challenge.”
It’s worth noting that Reuters also mentioned, “US assesses up to 60% failure rate for some Russian missiles,” while also suggesting a dearth in the precision-guided munitions.
FX reactions
While following the news, market sentiment remains sour with the S&P 500 Futures printing mild losses around 4,505 by the press time.
Read: S&P 500 Futures, yields retreat as Ukraine woes jostle inflation fears
