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Russian Victory Parade Timing Will Rub Ukraine The Wrong Way

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Tanks rumbled across Red Square and fighter jets screamed overhead on Friday in Russia’s biggest Victory Day military parade in years, fuelling patriotic fervour as President Vladimir Putin rallies his people over the Ukraine crisis.

Thousands of goose-stepping troops, motorised artillery and ballistic missile launchers paraded past Putin under the Kremlin’s red walls in a show of military might, while jets, helicopters and bombers flew in cloudless skies over Moscow.

State television called it the biggest such parade in 20 years on the holiday honouring the World War Two victory over Nazi Germany, a day which stirs national pride more than any other in Russia.

Putin sought to maximise the surge of patriotism by also staging big parades this year in the Black Sea peninsula of Crimea, following its annexation from Ukraine.

But in a break from tradition reflecting the East-West standoff over Ukraine, Moscow and Kiev did not stage joint marches of their countries’ sailors in the Crimean port of Sevastopol, where Russia’s Black Sea Fleet is based.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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