7 Basic Materials Stocks to Buy to Anchor Your Portfolio

The movement of basic materials stocks requires investors to keep a keen eye on the state of the economy to determine profitability. Raw materials such as plastic, steel, and lumber will always be in demand. Here are 7 stocks to take advantage of the growing demand!

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Russian President Warns Of Global Conflict During World War 2 Victory Day Celebrations, But Says 'Will Do Everything' To Prevent Clash

Benzinga Neuro
May 09, 2024

As Russia marked the 79th anniversary of the Soviet Union’s victory over Nazi Germany in World War II, President Vladimir Putin warned the West of the potential for a global conflict. This comes amid Russia’s ongoing military advances in Ukraine.

What Happened: On Sunday, Putin accused Western powers of disregarding the Soviet Union’s pivotal role in defeating Nazi Germany and of instigating conflicts worldwide, reported Reuters. He asserted that Russia, as the world’s largest nuclear power, would not tolerate any threats.

“We know what the exorbitance of such ambitions leads to. Russia will do everything to prevent a global clash,” Putin said on Red Square after Defence Minister Sergei Shoigu reviewed troops lined up in a rare May blizzard.

Putin, who views the war as a struggle with the West, stated that Russia’s strategic forces are always ready for combat. He also emphasized Russia’s commitment to preventing a global clash.

“In the West, they would like to forget the lessons of the Second World War,” Putin said.

See Also: Elon Musk Says Robert De Niro Is ‘So Out Of Touch, It’s Insane’ After Legendary Actor Compares Trump To Hitler, Calls Ex-President A ‘Monster’

Russia acknowledged all the allies who contributed to the defeat of Nazi Germany. Additionally, he highlighted the Chinese people’s resistance against Japanese militarism.

He emphasized pivotal battles that shaped the fate of humanity, such as those near Moscow, Leningrad, Rzhev, Stalingrad, Kursk, and Kharkiv, as well as engagements near Minsk, Smolensk, and Kyiv, spanning from Murmansk to the Caucasus and Crimea, marked by intense and bloody conflicts.

Despite the West’s accusations of Russia’s imperialistic land grab in Ukraine, Putin insists that the territories in question were once part of the Russian empire and are now part of Russia.

At the Victory Day parade in Moscow, Putin highlighted the sacrifices made by the Soviet Union during World War II and criticized the West for forgetting the war’s lessons.

Why It Matters: The warning of a potential global conflict comes at a time when Russia’s military actions in Ukraine have intensified. Russian forces have been targeting Ukrainian energy facilities, causing significant damage and further straining Ukraine’s energy system.

Earlier, Ukraine foiled a Russian plot to assassinate President Volodymyr Zelenskyy and other top officials. This alleged plot was to be executed before Putin’s fifth-term inauguration.

Despite a boycott from the U.S. and allied nations, Putin began his fifth term, urging the West to choose between confrontation and cooperation. His re-election in March was seen as a demonstration of the country’s unity and the correctness of its path.

Meanwhile, a U.S. soldier has been detained in Russia on theft charges, further escalating tensions between the two nations.

Read Next: Trump Vs. Biden: 2024 Election Poll Shows Tie Broken — Which Candidate Gains Support From His Party, Independent Voters?

Image Via Shutterstock


Engineered by Benzinga Neuro, Edited by Kaustubh Bagalkote


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


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