Zelensky Putin arm wrestling meme
  • France has intensified delivery of ammunition and weapons; that will continue in the coming weeks

The 'weeks' line might be a hint at how long it will last.

In terms of markets, USD/RUB is near a one-year high at the moment. The offensive hasn't gone great so far and it's looking like we might be in a WWI situation where it's much easier for armies to play defense than offense. That's the kind of thing that leads to a long-term war that bankrupts everyone. Plus, oil is down 4% today and who knows how much patience OPEC will have with Russia.

USD/RUB daily