Global markets plunge, oil prices jump as Russia recognises breakaway Ukraine regions
24 February 2022 | 6:35 am
Russia's move to recognise the breakaway Ukrainian regions of Donetsk and Luhansk has sent ripples through global markets on Tuesday, with falls across Asia, and in early trading in Europe. Oil prices also jumped, with the international benchmark Brent Crude hitting its highest level since mid-2014. Investors are now focusing on which sanctions the United States, the United Kingdom and the European Union might impose on Russia in response.
Biden, Scholz discuss 'diplomatic resolutions' to Ukraine crisis
After Moscow and Kiev, Emmanuel Macron is in Berlin to huddle on Ukraine. The French president's host is also fresh off the plane. German chancellor Olaf Scholz is just back from Washington to host Macron and his Polish counterpart Andrej Duda. We find out if the three are on the same page, what with 100,000-plus Russian troops still surrounding Ukraine on three sides.
Germany's foreign minister was in Egypt when she called on German nationals to leave Ukraine. During her whirlwind Middle East tour, she was preoccupied by the crisis in Eastern Europe, DW's Rosalia Romaniec reports.
In an interview with FRANCE 24, Russia's Permanent Representative to the European Union denied that the six Russian naval ships in the Black Sea have anything to do with Ukraine. Vladimir A. Chizhov also insisted that Moscow has no intention to make a move on Ukrainian territory and reiterated that the Kremlin is committed to a diplomatic outcome to the crisis.
Russian President Vladimir Putin has spoken directly with US President Joe Biden, in the latest attempt to defuse tensions. The call comes as more and more governments tell their citizens to leave Ukraine.
The week began with Emmanuel Macron heading to Moscow for what he hopes will be the start of the long road to de-escalation over Ukraine.
EU governments start advising nationals 'to get out of Ukraine' – DW's Teri Schultz
Ukraine's right to join NATO cannot be traded away - UK PM Johnson
Fears that a Russian invasion of Ukraine could be imminent have sent jitters across global stock markets. In Europe, Paris's CAC 40 and Germany's DAX both fell more than 3 percent at midday. Russia's main stock market also saw a sharp decline, adding to last week's sell-off. Plus, after two years grappling with changes to their careers, a growing number of people in France are turning to the real estate sector to start a completely new job.
The German press discusses the stakes for German Chancellor Olaf Scholz as he heads to Ukraine and Russia. We also take a look at some cartoons. Meanwhile, the papers are discussing the rap-focused Super Bowl halftime show and how it "sticks it" to the NFL. We also find out why some Ugandan schools are closing for good. Finally, it's Valentine's Day and the press explains why kissing is good for us.
Dutch airline KLM announced on Saturday that it is canceling flights into Ukraine, a move that comes amid heightened tensions between Moscow and Kyiv. The airline said the decision was made after “an extensive safety analysis,” noting that it followed “adjusted travel advice to code red.”
Washington claims Russia is moving forces towards Ukraine while Russia says more of its tanks and jets are leaving the area. Germany's Annalena Baerbock accused Moscow of making Cold War demands. DW has the latest.
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