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The news cycle today is dominated by the sudden escalation of the Russia and Ukraine situation. Russia attacked Ukraine’s terretories especially eastern Ukrainian territories. Markets around the world have reacted tumultuously to this news. The oil prices have also shot up and Russia’s own exchange was hit, which then they decided to close in view of extreme volatility in the market. The currency exchange has not opened in Russia as of yet and world over is looking at the developments of these attacks.
According to the last news coming in Russian troops have crossed over into Ukrainian terretories, and Ukraine has declared Emergency Rule in the country.
Russian stock exchanges reopen, with RTS down 20%.
Russian Vix trades at 115 The Russian Vix is currently trading at 115. The Russian stock market has reopened, with the RTS down 20%. The Russian Vix is currently trading at 115.
European and British leaders have awoken, with statements of support for Ukraine.
The G7 will meet later in the morning in the United States, and we will get more substantive measures then.
German Chancellor Scholz says the attack on Ukraine is a flagrant violation of international law; Russia must halt its military action immediately.
The horrific events in Ukraine have shocked UK Prime Minister Boris Johnson.
The EU’s von der Leyen eaelri: condemns Russia’s unjustified attack on Ukraine; and vows to hold the Kremlin accountable.
EU
According to EU’s Borrell, the EU will impose the harshest sanctions package ever enacted. EU’s Borrell claims that the EU will enact the harshest sanctions package ever enacted. According to EU’s Borrell, the EU will impose the harshest sanctions package ever imposed, which will have little impact.
Germany
Chair of german foreign affairs committee says new gas contracts with russia are impossible.
He said can no longer imagine deeper economic relations with russia