ECB’s Kazaks Tells FT Europe Is Already ‘at War’ With Russia

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ECB Governing Council member Martins Kazaks warns that Europe is already 'at war' with Russia, urging central banks to prepare for further escalation.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Policymakers shouldn’t be “naive” to think that Europe isn’t already “at war” with Russia and central banks need to prepare for further escalation, European Central Bank Governing Council member Martins Kazaks told the Financial Times.

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Original article published by Bloomberg on January 18, 2026.
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