This growing geopolitical tension has shaken futures markets. The Dow Jones futures contract falls 557 points (-1.64%), and the Nasdaq 100 futures lose 168 points, (-1.23%); while the Euro Stoxx 50 futures is on neutral ground.
the american presidentJoe Bidenwill issue an executive order to “prohibit new investment, trade, and financing by Americans from, to, or in the regions” pro-Russian Donetsk and Luhansk in Ukraine, said the White House spokeswoman, Jen Psaki.
The spokeswoman specified that these measures “they are independent and would be added to the rapid and severe economic measures” that Washington has “prepared in coordination” with their western allies “if Russia further invades Ukraine”.
The White House similarly described Russia’s recognition of the independence of Ukraine’s breakaway regions as a “flagrant violation” of its international commitments.
The announcement of the Russian president, Vladimir PutinIt comes as Westerners fear an imminent invasion of Ukraine, on whose border more than 150,000 Russian soldiers have been deployed, on standby for two weeks, according to Washington.
The breakaway territories of Donetsk and Luhansk already have extremely limited relations with the United States, but these sanctions herald a new phase that could lead to the most dangerous confrontation between the West and Moscow since the fall of the Soviet Union.
Putin’s decision to recognize these two breakaway regions of Ukraine as independent contradicts Russia’s “commitment to diplomacy” and warrants a “quick and firm” response, US Secretary of State Antony Blinken said later Monday.
Meanwhile, the European stock markets closed lower today because investors considered the situation between Russia and the United States regarding the conflict in Ukraine as “dangerous”, and in the absence of the New York markets that did not operate for the “Presidents’ Day” holiday.
In the leading Euro Stoxx 50 index, which lost 2.2%, there were no increases and the Irish CRH stood out, which closed in balance, the Dutch Adyen, which yielded 0.1%, the Spanish Inditex and the Dutch Philips, which fell 0, 9% and the French Sanofi and Danone that fell 1%.
In London, the FTSE fell 0.4% while Frankfurt’s DAX and Paris’s CAC 40 fell 2%.
In the Mediterranean, the IBEX 35 fell 1.2% while the Milan MIB fell 1.7%.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
