Financial expert: Consequences of the war for Russian President Putin are economically worrying. Intensified conflict in Ukraine restricts Russian exports.

Financial expert: Consequences of the war for Russian President Putin are economically worrying. Intensified conflict in Ukraine restricts Russian exports.

According to a report by www.n-tv.de, Ukrainian President Volodymyr Zelensky has stressed that shooting down Russian warplanes is one of the keys to a “just” end to the war. The past week has shown how effective strengthening air defense is. Yesterday, December 22, Ukrainian forces shot down three Russian Su-34 bombers that had ventured further behind Ukrainian lines than usual. In addition, Ukrainian forces are vehemently defending their bridgeheads on the Dnipro and repelling attacks. Russian President Vladimir Putin has signaled behind closed doors that he is open to a ceasefire along the current front line, although the US views this with skepticism. Ukraine's ambassador to Germany denies alleged German pressure for negotiated peace. China's vehicle manufacturers are booming in Russia due to the war, while Ukraine will celebrate Christmas on December 25th for the first time since 1917. Political veteran Nikolai Kharitonov is running against Putin in Russia's presidential election. Russian troops have taken the initiative in Ukraine, while the main Russian truck manufacturer is receiving spare parts from Austria. The Polish farmers have ended their blockade on the Polish-Ukrainian border and Putin's opponent wants to challenge their refusal to register to vote.

In terms of market and financial impact, Russia's ceasefire along the current front line could lead to a temporary stabilization of the situation in Ukraine. This could lead to investors regaining confidence in the region and promoting economic recovery. The booming market for Chinese vehicles in Russia could continue to influence the market share of other vehicle manufacturers, especially given the withdrawal of German carmakers due to sanctions. In addition, the Ukrainian government's willingness to celebrate Christmas according to the Gregorian calendar could signal the country's long-term focus on rapprochement with Europe, which could potentially have positive effects on trade relations and international investment.

However, it remains to be seen how political developments in Russia and Ukraine, particularly with regard to the presidential election and military operations, will impact financial markets and the global economy.