(Bloomberg) — The U.S. led condemnation of Russia’s actions at the United Nations, after President Vladimir Putin’s decision to officially recognize two self-proclaimed separatist republics in eastern Ukraine escalated tensions with the West.
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- The U.S. and the U.K. said they would place additional sanctions on Russia in response to the move, which torpedoed European-mediated peace talks and prompted the State Department to temporarily evacuate personnel.
- The ruble tumbled its most in about two years, while the Biden administration reaffirmed its “unwavering” support for Ukraine.Putin also ordered the Defense Ministry to send what he called “peacekeeping forces” to the separatist regions. Moscow continues to deny it plans to invade and the question now becomes what the U.S. and its allies would define as an invasion, and what will trigger the bigger sanctions.Key Developments
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