EC President von der Leyen: Europe stands in full solidarity with Poland after airspace violation

European Commission (EC) President Ursula von der Leyen said on Wednesday, “Europe stands in full solidarity with Poland after violation of airspace.”

Additional quotes

In sanction talks, we are looking at phasing out Russian fossil fuels faster.

Also looking at sanctions on the third-party countries.

Need to work on a new solution to finance Ukraine using frozen Russian assets.

Will launch an 'Eastern flank watch' programme to improve surveillance of countries bordering Russia.

We will build a drone wall.

Market reaction

At the time of writing, EUR/USD is treading water just above 1.1700, awaiting the US producer inflation data.