Putin: Threat of nuclear war is on the rise

Russian President Vladimir Putin said on Wednesday that the threat of a nuclear war is on the rise. Putin’s comments do not seem to be having a significant impact on risk appetite. At the time of writing, the performance of S&P 500 Index is unchanged on the day at 3,940.

Putin noted that Russia’s army could be fighting in Ukraine for a long time, but he saw “no sense” in mobilizing additional soldiers at this point.

Key Quotes

“Russia will defend its allies with all available means.”

“Russia does not have tactical nuclear weapons in other countries unlike the United States.”

“We didn’t speak about usage of nuclear weapons.”

“Russia has not gone mad.”

“We have most advanced weapons, but do not want to wave them around.”

“Russia considers such weapons as deterrent.”