A Rússia invadirá outro país até...?

• A Rússia invadirá outro país em 2026?7¢
• A Rússia invadirá outro país até 31 de dezembro de 2027?19¢

Russia's ongoing military operations in Ukraine remain the dominant factor shaping trader views on the risk of a new invasion elsewhere by late 2026. President Putin recently declared the establishment of a non-negotiable "security zone" spanning roughly 660 km inside Ukraine along the border, explicitly ruling out concessions in any talks and tying the move to prior Ukrainian actions in Kursk. This occurs alongside intensified Russian strikes on Ukrainian energy infrastructure and reports of Ukrainian advances in select sectors. Concurrently, Russian drone incidents have affected airspace and vessels in Moldova, Romania, and Bulgaria, prompting NATO members to heighten alerts and request additional defensive support. Intelligence assessments highlight Moscow's hybrid activities and long-term scenario planning involving Poland and the Baltics, though Russian officials continue to state no intent to attack NATO territory. NATO commanders have outlined updated contingency plans focused on blocking and blunting potential advances. These developments, set against Russia's resource commitments in Ukraine, inform assessments of escalation thresholds and timelines.