European stock markets plunge after Ukrainian strike in Russia

kyiv’s army said on Tuesday it had struck a major Russian arms depot near the town of Globa in the Bryansk region, located more than 110 km from the border with Ukraine. The attack was followed by 12 secondary explosions and detonations in the strike zone, the General Staff of the Ukrainian army said in a statement published on the Telegram application.

The Russian Defense Ministry said its forces destroyed 12 Ukrainian drones over the Bryansk region between 7:15 a.m. Moscow time (4:15 a.m. GMT) and 8:35 a.m., and four more between 9:10 a.m. and 9:20 a.m. Ukraine often uses domestically produced drones to strike targets inside Russia. The army did not specify which weapon was used in the strike.

Earlier this week, the White House authorized kyiv to use weapons supplied by the United States to strike deep into Russia, Reuters reported, citing sources that kyiv would begin these strikes in the coming days. There was initially no indication that American weapons were used against Karachev’s arsenal.

First ATACMS attack

However, the Ukrainian media RBC-Ukraine revealed that the Ukrainian defense forces struck Russian territory for the first time with ATACMS ballistic missiles. The target has been successfully achieved. “This information was communicated to RBC-Ukraine by an informed source within the defense forces“, specifies the media.

On the night of November 19, the 67th arsenal of the Main Missile and Artillery Directorate of the Russian Defense Ministry was attacked in Karachev. Videos of powerful fires were posted on social media.

This announcement contributed to pushing European indices into the red during the stock market session of November 19, 2024. The performance of European stocks took an upward slope. The only stocks moving in the green are defensive companies and defense players, such as Thales and Rheinmetall.