Geopolitics Alpha

How Russia's parliamentary election might affect the war in Ukraine

Published . Updated .

NPR's Steve Inskeep asks Russian foreign policy expert Hanna Notte about the results of Russia's parliamentary election and what it means for Moscow's war in Ukraine.

Directly affected

  • No company is named in this report.

Indirectly affected

  • LMT Lockheed Martin

    Defense contractors get more work when conflict spending rises

  • RTX RTX

    Defense contractors get more work when conflict spending rises

  • NOC Northrop Grumman

    Defense contractors get more work when conflict spending rises

  • XLE Energy Select Sector SPDR

    Energy prices move when Russian supply is at risk

  • GD General Dynamics

    Defense contractors get more work when conflict spending rises

  • ITA iShares U.S. Aerospace & Defense

    A fund of aerospace and defense companies

  • USO United States Oil Fund

    This fund moves with oil prices

  • WEAT Teucrium Wheat

    Wheat prices rise when Black Sea grain is disrupted

  • MOS Mosaic

    Fertilizer makers move with Russian supply

  • CF CF Industries

    Fertilizer makers move with Russian supply

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LMT———————
RTX———————
NOC———————
XLE———————
GD———————
ITA———————
USO———————
WEAT———————
MOS———————
CF———————

NPR's Steve Inskeep asks Russian foreign policy expert Hanna Notte about the results of Russia's parliamentary election and what it means for Moscow's war in Ukraine.

Source: NPR World

How far Spdr Series Trust (XAR) has moved since 21 Sep 2026

Since the first closing price after “How Russia's parliamentary election might affect the war in Ukraine,” Spdr Series Trust (XAR) is -7.60%. The S&P 500 fund (SPY) is -0.88% over the same days, a -6.72% difference versus the market. industrial stocks (XLI) is -2.10%, a -5.50% difference versus that group of stocks.

XAR
SPY
XLI

Spdr Series Trust (XAR) on one side of this defense story

Companies carried with this story

  • XAR Spdr Series Trust

    In “How Russia's parliamentary election might affect the war in Ukraine,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • ITA IShares U.S. Aerospace & Defense ETF

    In “How Russia's parliamentary election might affect the war in Ukraine,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia

  • PPA Invesco Aerospace & Defense Etf

    For “How Russia's parliamentary election might affect the war in Ukraine,” Invesco Aerospace & Defense Etf (PPA) is linked, with no stored direction, medium confidence. Reason on file: GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • WAR U.S. Global Technology And Aerospace & Defense Etf

    In “How Russia's parliamentary election might affect the war in Ukraine,” U.S. Global Technology And Aerospace & Defense Etf (WAR) is linked, with no stored direction, medium confidence. Reason on file: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GLD Spdr Gold Trust

    In “How Russia's parliamentary election might affect the war in Ukraine,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction

  • TLT Ishares Tr

    For “How Russia's parliamentary election might affect the war in Ukraine,” Ishares Tr (TLT) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction

  • UUP Invesco DB US Dollar Index Bullish Fund

    For “How Russia's parliamentary election might affect the war in Ukraine,” Invesco DB US Dollar Index Bullish Fund (UUP) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction

How defense news reaches Spdr Series Trust (XAR)

On 21 Sep 2026, “How Russia's parliamentary election might affect the war in Ukraine” is the story that connects Spdr Series Trust (XAR) to Defense.

What ties Spdr Series Trust (XAR) to the headline is this: Material security escalation can alter defense demand expectations and risk premia

A second company, IShares U.S. Aerospace & Defense ETF (ITA), is listed for a different reason: Material security escalation can alter defense demand expectations and risk premia

Dates and price levels for Spdr Series Trust (XAR)

ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. PPA traded between 151.56 and 162.12 across 20 sessions. The latest close on file is 156.07. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.

What the saved facts support for Spdr Series Trust (XAR)

46 out of 100

“How Russia's parliamentary election might affect the war in Ukraine” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.