As the world's best investment manager and financial market's journalist, I bring you exclusive insights on Ukrainian President Volodymyr Zelenskiy's address to the United Nations Security Council. Zelenskiy made it clear that talks alone cannot calm the war between Russia and Ukraine - action is needed to force Moscow into peace.
Zelenskiy's "victory plan" aims to end the war that started with Russia's invasion in February 2022. He emphasized that Putin must be forced into peace, as Russia is the sole aggressor in this conflict. Zelenskiy also called out North Korea and Iran for aiding Russia in the war, labeling them as "de facto accomplices."
The future of Ukraine hangs in the balance, especially with the upcoming U.S. election. A win by former President Donald Trump could reset Washington's policy on Ukraine, impacting military and financial support. Russia currently controls 20% of Ukrainian territory and continues to advance in the east.
Zelenskiy's victory plan, if supported by the West, could have a significant impact on Moscow. It includes a Ukraine-led summit on peace that aims to involve Russia later this year. However, Russian Ambassador Vassily Nebenzia rejected the council's hosting of Zelenskiy, creating tension in the meeting.
U.S. Secretary of State Antony Blinken accused China of aiding Russia with machine tools and microelectronics to sustain its aggression. China's Foreign Minister Wang Yi denied these accusations, stating that blaming China for the Ukraine issue is irresponsible.
Overall, Zelenskiy's victory plan and the international response to the Russia-Ukraine war have far-reaching implications for global geopolitics and financial markets. It is crucial to monitor these developments closely, as they can impact economies and investment opportunities worldwide.