Tension in Europe is the most concerning issue for investors at the moment, and the aggravation of the situation could impact the local stock market in the short term.

Strategic trust could be built on the condition that both sides respect each other, and their aspirations.

The exclave of Kaliningrad, encircled by EU and NATO members Lithuania and Poland, is strategically crucial for Russia.

It is now a new situation in Ukraine and Europe that all relevant players have to deal with.

After the explosions at the two Nord Stream 1 and Nord Stream 2 pipelines, the next Cold Case amid the hot war between Russia and Ukraine has come with the destruction of the Kakhovka Dam.